Complex needs met with a simple solution

Balmain recently settled another loan that supported our client’s broader development strategy.

The transaction required a flexible solution that combined site acquisition, refinance and development funding under one facility, while releasing equity to the borrower. The sponsor, who is developing two adjoining subdivisions, achieved a favourable financing outcome which avoided complex debt structures, multiple applications and unnecessary delays.

This is another great example of Balmain supporting southeast Queensland residential development in an undersupplied market.