Pindara
Pindara
Origination
OPP-170Financial CloseCurrent

213 Church St, Chermside

Northgate Living · Teneriffe, QLD

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Amount
$15,950,000
Structure
Senior · Debt
Stage
08 Closing
Received
21 Dec 2024

Request details

Sector
Industrial
Project type
Hard Stand
Business plan
Re-position & Hold
Capital purpose
Bridging
Investment
Debt
Facility type
Senior
Amount
$15,950,000
Refinance
No
Target close
Location
Teneriffe, QLD
Rating
Medium

Notes & files

OD
Origination Desk24 Jun 2025

Financial close completed for 213 Church St, Chermside. 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: 21 Dec 2024
  2. Deal screening

    Pursue
  3. Indicative terms

    Interested
    Issued: 10 Jan 2025
  4. Term sheet

    Won
    Issued: 7 Feb 2025
    Accepted: 24 Feb 2025
  5. Due diligence

    Financial Close
  6. Financial close

    Financial Close
    Closed: 24 Jun 2025

Activity timeline

Chronological status history

  1. Opportunity received21 Dec 2024

    via Broker

  2. Indicative terms issued10 Jan 2025

    Interested

  3. Term sheet issued7 Feb 2025

    Won

  4. Term sheet accepted24 Feb 2025
  5. Financial close24 Jun 2025
  6. Note added24 Jun 2025

    Financial close completed for 213 Church St, Chermside. 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
Meridian Debt Advisory
Contact
Liam O'Brien
Deal lead
Elena Roberts