Pindara
Pindara
Origination
OPP-137Financial CloseCurrent

95 Montague Rd, Preston

Quayside Projects · Footscray, VIC

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Amount
$7,750,000
Structure
Senior · Debt
Stage
08 Closing
Received
10 Mar 2024

Request details

Sector
Residential
Project type
Townhouses
Business plan
Re-position & Hold
Capital purpose
Residual Stock
Investment
Debt
Facility type
Senior
Amount
$7,750,000
Refinance
No
Target close
Location
Footscray, VIC
Rating
High

Notes & files

OD
Origination Desk17 Sep 2024

Financial close completed for 95 Montague Rd, Preston. Facility funded; file moved to monitoring.

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

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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

  1. Received

    Complete
    Date received: 10 Mar 2024
  2. Deal screening

    Pursue
  3. Indicative terms

    Interested
    Issued: 8 Apr 2024
  4. Term sheet

    Won
    Issued: 22 Apr 2024
    Accepted: 13 May 2024
  5. Due diligence

    Financial Close
  6. Financial close

    Financial Close
    Closed: 17 Sep 2024

Activity timeline

Chronological status history

  1. Opportunity received10 Mar 2024

    via Broker

  2. Indicative terms issued8 Apr 2024

    Interested

  3. Term sheet issued22 Apr 2024

    Won

  4. Term sheet accepted13 May 2024
  5. Financial close17 Sep 2024
  6. Note added17 Sep 2024

    Financial close completed for 95 Montague Rd, Preston. 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
Ashbourne Capital
Contact
Olivia Grant
Deal lead
Tom Castellano