Stretch senior construction facility settled

Balmain successfully delivered a stretch senior construction facility to support the acquisition and construction of townhouses in Deanside, Victoria.

The facility settled without pre-sales and with an agreed pre-sale milestone to be achieved during the construction phase. This provided the borrower with the flexibility needed to move forward with the development while maintaining a clear pathway to meet Balmain’s requirements.

It’s another example of how flexible funding solutions can help developers unlock opportunities and keep projects progressing.