OPP-117Financial CloseCurrent
82 King St, Woolloongabba
Vermillion Developments · Robina, QLD
Amount
$17,150,000
Structure
Mezzanine · Debt
Stage
08 Closing
Received
5 Jun 2023
Request details
- Sector
- Retail
- Project type
- Large Format Retail
- Business plan
- Trade Up & Exit
- Capital purpose
- Residual Stock
- Investment
- Debt
- Facility type
- Mezzanine
- Amount
- $17,150,000
- Refinance
- No
- Target close
- —
- Location
- Robina, QLD
- Rating
- Medium
Notes & files
OD
Origination Desk12 Oct 2023
Financial close completed for 82 King St, Woolloongabba. Facility funded; file moved to monitoring.
Documents
UI previewInformation Memorandum.pdf4.2 MB
Financial model.xlsx1.1 MB
Heads of Terms.docx320 KB
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Document storage is mocked in this prototype
Portfolio handoff ready
This deal reached financial close. In phase two, origination hands the facility to portfolio management — carrying the sponsor, terms and documents across.
Concept · phase two
Pipeline workflow
Progress through the origination gates
Received
CompleteDate received: 5 Jun 2023Deal screening
PursueIndicative terms
InterestedIssued: 8 Jul 2023Term sheet
WonIssued: 24 Jul 2023Accepted: 11 Aug 2023Due diligence
Financial CloseFinancial close
Financial CloseClosed: 12 Oct 2023
Activity timeline
Chronological status history
- Opportunity received5 Jun 2023
via Broker
- Indicative terms issued8 Jul 2023
Interested
- Term sheet issued24 Jul 2023
Won
- Term sheet accepted11 Aug 2023
- Financial close12 Oct 2023
- Note added12 Oct 2023
Financial close completed for 82 King St, Woolloongabba. Facility funded; file moved to monitoring.
Follow-ups
Next actions on this file
No open follow-ups on this file.
Source & contacts
- Source
- Broker
- Introducer
- Northpoint Brokers
- Contact
- Nathan Brooks
- Deal lead
- James Whitfield