Construction funds for industrial units in Canberra

Balmain provided funding to help a developer move forward with the construction of 12 industrial units in Canberra.

The funding was used to refinance the existing land loan with a major bank and provide the additional funds needed to complete construction.

The project had specific requirements that called for a more flexible approach, including accommodating the developer’s related construction business and providing early funding for factory-made materials, such as precast concrete. Most importantly, the developer did not need to secure any pre-sales before starting construction.

Balmain structured the funding around the project’s needs, allowing construction to get underway without waiting for sales.

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