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 landbank with no presales 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.
