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Loan case study in Truganina, VIC

Funding to assist with the construction of an industrial complex.

Project overview

The project entailed the construction of 39 industrial units in Truganina, Victoria, 22 kilometres west of Melbourne CBD.

Borrower overview

The borrower group includes individuals with backgrounds in sheet metal and roofing for non-residential buildings including factories, schools, government buildings, shopping centres and high-rise buildings.

In more recent years the borrower has turned their focus to industrial projects – noting newfound opportunity in this sector – completing three projects to date, all in the Truganina precinct.

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Loan specifics

APPROVED LOAN AMOUNT~ $12.1 million
APPROVED LOAN TERM6 months
REPAYMENT SOURCESale of completed industrial units
APPROVED LOAN-TO-VALUATION RATIO59.17% on an "as-if-complete" basis
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