Loan case study in Truganina, VIC
Funding to assist with the construction of an industrial complex.
The project entailed the construction of 39 industrial units in Truganina, Victoria, 22 kilometres west of Melbourne CBD.
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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|APPROVED LOAN AMOUNT||~ $12.1 million|
|APPROVED LOAN TERM||6 months|
|REPAYMENT SOURCE||Sale of completed industrial units|
|APPROVED LOAN-TO-VALUATION RATIO||59.17% on an "as-if-complete" basis|