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Site acquisition transactions

Location

:
Abbotsford, VIC

Purpose

:
Acquisition funding for a multi deck car park with a potential future commercial office development

Loan Amount

:
$6,600,000

Status

:
Passive hold

Client

:
Property syndicate

Sector

:
Commercial

Term

:
5 year loan facility

Highlights

:
Non-recourse specialised investment loan facility

Location

:
Melbourne CBD, VIC

Purpose

:
Acquisition funding

Loan Amount

:
$5,000,000 – 65% LVR

Status

:
Passive hold

Sector

:
Commercial

Term

:
24 month facility

Highlights

:
Acquisition of a non income producing CBD land bank asset with the intent of securing a DA for a hotel.

Location

:
South Melbourne and North Melbourne, VIC

Purpose

:
Acquisition funding of the two sites with the intention to build 80 apartments across two sites.

Loan Amount

:
$9,000,000

Client

:
Property development syndicate

GRV

:
$50,000,000 on completion

Term

:
12 month facility then rolling into a construction facility

Highlights

:
Site acquisition of both sites at 65% LVR with income demonstrated from offshore entities.

Location

:
Eastern Suburbs - VIC

Purpose

:
Acquisition funding for two adjoining properties, intention to build a commercial development

Status

:
Passive hold

Client

:
Property syndicate

Sector

:
Commercial

Term

:
36 month loan facility

Highlights

:
Cash out of $5M on an unencumbered land bank site with no income.

Location

:
Kew, VIC

Purpose

:
Acquisition funding for a 15 strata titled villa units

Loan Amount

:
$6,000,000

Interest rate

:
Circa 5%

Client

:
Builder / developer

Term

:
24 month investment facility

Sector

:
65%

Highlights

:
Initially a land bank with no preleases with a post settlement condition.

Location

:
Mornington Peninsula, VIC

Purpose

:
Acquisition funding for a 10 acre hobby farm

Loan Amount

:
$1,500,000

Interest rate

:
Circa 2%

Client

:
Investor

Term

:
30 year investment facility with 5 years Interest only

Sector

:
80%

Highlights

:
Proposed as a long term investment hold via a residential loan facility at 90% of purchase price