Pindara
Pindara
Origination
OPP-214Financial CloseCurrent

392 Grey St, Robina

Aspect Property Group · Maroochydore, QLD

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Amount
$8,850,000
Structure
Senior · Debt
Stage
08 Closing
Received
14 Aug 2024

Request details

Sector
Office
Project type
CBD
Business plan
Secure DA & Sell site
Capital purpose
Residual Stock
Investment
Debt
Facility type
Senior
Amount
$8,850,000
Refinance
Yes
Target close
Location
Maroochydore, QLD
Rating
Low

Notes & files

OD
Origination Desk16 Feb 2025

Financial close completed for 392 Grey St, Robina. 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: 14 Aug 2024
  2. Deal screening

    Pursue
  3. Indicative terms

    Interested
    Issued: 18 Sep 2024
  4. Term sheet

    Won
    Issued: 7 Oct 2024
    Accepted: 30 Oct 2024
  5. Due diligence

    Financial Close
  6. Financial close

    Financial Close
    Closed: 16 Feb 2025

Activity timeline

Chronological status history

  1. Opportunity received14 Aug 2024

    via Broker

  2. Indicative terms issued18 Sep 2024

    Interested

  3. Term sheet issued7 Oct 2024

    Won

  4. Term sheet accepted30 Oct 2024
  5. Financial close16 Feb 2025
  6. Note added16 Feb 2025

    Financial close completed for 392 Grey St, Robina. 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
Michael Tan
Deal lead
Marcus Lee