Specialised Asset – Service Station

Specialised Asset – Service Station

Specialised Asset – Service Station
Project Details

Location:
Various Locations

Facility Amount:
$2.92m

LVR:
65%

Deal Writer:
Paul Buckle

Unique feature of the deal

Balmain Brisbane has recently been involved in the funding of several specialised assets across Queensland, including the acquisition and development of a service station.

Our client went under contract to acquire a DA approved site to redevelop a dilapidated service station and also secured a 15-year Agreement For Lease with a major multi-national oil company.

Balmain Commercial was able to secure construction funding from a Big Four Bank and an additional mezzanine loan to assist with the acquisition. Post construction, Balmain was successful in securing an investment facility to refinance the construction lender to another major bank under more favourable terms.

Details of the initial senior and mezzanine funding are outlined below:

  Senior  Mezzanine 
Loan Limit $2.92M  $500K 
Loan to Value Ratio 65%  75% 
Interest Rate 3.72% p.a.  20% p.a. 
Loan Term 6 months  6 months 
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