Pindara
Pindara
Origination
OPP-088DeclinedClosed

362 King St, Milton

Cedarstone Capital · Chermside, QLD

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Amount
$6,400,000
Structure
Mezzanine · Debt
Stage
01 Screening
Received
1 Dec 2024

Request details

Sector
Industrial
Project type
Manufacturing
Business plan
Build to Hold
Capital purpose
Equity Release
Investment
Debt
Facility type
Mezzanine
Amount
$6,400,000
Refinance
Yes
Target close
Location
Chermside, QLD
Rating
Medium

Notes & files

OD
Origination Desk1 Dec 2024

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: 1 Dec 2024
  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 received1 Dec 2024

    via Senior Lender

  2. Note added1 Dec 2024

    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
Meridian Debt Advisory
Contact
David Phelps
Deal lead
James Whitfield