Bridge to Planning
- Experienced residential developer required a short term facility to fund the acquisition of a 200,000 sq ft regional city office campus.
- A highly leveraged facility was delivered in 5 weeks from first approaching the lender, allowing our client to complete the acquisition prior to PD being secured.
- The facility allowed for a further drawdown once PD had been secured a few weeks after closing.
- A highly competitive bridging rate of 0.65% per month was arranged with a minimum interest term of only 1 month.