Pindara
Pindara
Origination
OPP-040DeclinedClosed

111 Sandgate Rd, Chermside

Vermillion Partners · Chermside, QLD

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Amount
$12,550,000
Structure
Senior · Debt
Stage
01 Screening
Received
11 Aug 2025

Request details

Sector
Retail
Project type
Neighbourhood Centre
Business plan
Secure DA & Sell site
Capital purpose
Recapitalisation
Investment
Debt
Facility type
Senior
Amount
$12,550,000
Refinance
Yes
Target close
Location
Chermside, QLD
Rating
Medium

Notes & files

OD
Origination Desk11 Aug 2025

Declined at screening — Valuation overstated. 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: 11 Aug 2025
  2. Deal screening

    Declined
    Valuation overstated
  3. Indicative terms

    Pending
  4. Term sheet

    Pending
  5. Due diligence

    Pending
  6. Financial close

    Pending

Activity timeline

Chronological status history

  1. Opportunity received11 Aug 2025

    via Senior Lender

  2. Note added11 Aug 2025

    Declined at screening — Valuation overstated. No further action.

Follow-ups

Next actions on this file

No open follow-ups on this file.

Source & contacts

Source
Senior Lender
Introducer
Direct relationship
Contact
Michael Tan
Deal lead
Priya Nair