- Actum Advisory assisted a private developer with the refinance of $10.95M of senior debt and $3.55M of subordinated debt secured against a permit approved development site in the bayside of Melbourne.
- The transaction was highly complex and involved careful negotiation of priority and subordination deeds between the lenders, as well as management of a wide range of stakeholders across all sides of the transaction including solicitors, accountants, valuers & lenders.
- The transaction was settled in April of 2023 and was funded by an institutional non bank property financier in combination with a private investment group.
Refinance of senior & subordinated property debt for industrial development site
