Pindara
Pindara
Origination
OPP-030DeclinedClosed

416 High St, North Sydney

Vermillion Capital · Newcastle, NSW

Edit
Amount
Structure
Preferred Equity · Equity
Stage
01 Screening
Received
23 Jan 2025

Request details

Sector
Residential
Project type
PBSA
Business plan
Build to Sell
Capital purpose
HeadCo Capital
Investment
Equity
Facility type
Preferred Equity
Amount
Refinance
Target close
Location
Newcastle, NSW
Rating
Medium

Notes & files

OD
Origination Desk23 Jan 2025

Declined at screening — Lack of Sponsor equity. No further action.

Documents
UI preview
Information Memorandum.pdf4.2 MB
Financial model.xlsx1.1 MB
Heads of Terms.docx320 KB

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Pipeline workflow

Progress through the origination gates

  1. Received

    Complete
    Date received: 23 Jan 2025
  2. Deal screening

    Declined
    Lack of Sponsor equity
  3. Indicative terms

    Pending
  4. Term sheet

    Pending
  5. Due diligence

    Pending
  6. Financial close

    Pending

Activity timeline

Chronological status history

  1. Opportunity received23 Jan 2025

    via Referral

  2. Note added23 Jan 2025

    Declined at screening — Lack of Sponsor equity. No further action.

Follow-ups

Next actions on this file

No open follow-ups on this file.

Source & contacts

Source
Referral
Introducer
Atlas Funding
Contact
Andrew Kostas
Deal lead
Marcus Lee