Pindara
Pindara
Origination
OPP-253Financial CloseClosed

171 Vulture St, North Sydney

Ridgeway Projects · Chatswood, NSW

Edit
Amount
$7,900,000
Structure
Senior · Debt
Stage
05 Due Diligence
Received
30 Dec 2025

Request details

Sector
Office
Project type
Fringe
Business plan
Build to Hold
Capital purpose
Recapitalisation
Investment
Debt
Facility type
Senior
Amount
$7,900,000
Refinance
Yes
Target close
Location
Chatswood, NSW
Rating
Medium

Notes & files

OD
Origination Desk18 Feb 2026

Did not proceed during DD — Failed Due Diligence. File closed.

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: 30 Dec 2025
  2. Deal screening

    Pursue
  3. Indicative terms

    Interested
    Issued: 24 Jan 2026
  4. Term sheet

    Won
    Issued: 18 Feb 2026
    Accepted: 2 Mar 2026
  5. Due diligence

    Financial Close
    Failed Due Diligence
  6. Financial close

    Financial Close
    Closed: 1 Jul 2026

Activity timeline

Chronological status history

  1. Opportunity received30 Dec 2025

    via Broker

  2. Indicative terms issued24 Jan 2026

    Interested

  3. Term sheet issued18 Feb 2026

    Won

  4. Note added18 Feb 2026

    Did not proceed during DD — Failed Due Diligence. File closed.

  5. Term sheet accepted2 Mar 2026
  6. Financial close1 Jul 2026

Follow-ups

Next actions on this file

No open follow-ups on this file.

Source & contacts

Source
Broker
Introducer
Northpoint Brokers
Contact
Jessica Moran
Deal lead
Tom Castellano