5 Retail Lots

5 Retail Lots

5 Retail Lots
Project Details

Location:
Gladesville, Sydney

Facility Amount:
$4,614,000

LVR:
60%

Deal Writer:
Rhys Adams

Unique feature of the deal

After having sold the residential component of the project which enabled the repayment of the construction funding, the developer was left with five unencumbered retail lots and was seeking capital for a subsequent project. 

Balmain provided funding against the vacant retail tenancies enabling the release of equity whilst providing time to undertake a leasing campaign to maximise the value of the properties prior to their ensuing sale.  

Funding was provided through Balmain Discrete Mortgage Income Trusts.

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