Banking & Finance: Property Finance

About

Provided by Gadens

Gadens’ Banking & Finance Team has extensive expertise and experience across the full range of banking and finance transactions including secured and unsecured facilities, bilateral loans, club facilities, syndicated facilities, subordinated and mezzanine financing including related intercreditor arrangements, domestic and cross-border financings. 

Work highlights:

• CBR Development Group - Gadens acted for developer CBR Development Group in an A$66.5m senior construction facility with National Australia Bank and A$10.6m mezzanine facility with Wingate in respect of the residential apartment project known as 'Promenade' consisting of 199 apartments and 2 commercial lots over 31 levels and 150 car parking spaces in Box Hill, Victoria.
• Commonwealth Bank of Australia - Gadens acted for the Commonwealth Bank of Australia on an A$260m facility to Sentinel Property Group for the acquisition of Casuarina Square, Darwin, NT and Caneland Central, Mackay, QLD shopping centres.
•  CVS Lane - Gadens acted for CVS Lane in respect of an A$20.275m senior syndicated facility providing development finance to construct 53 independent living units and community recreation facilities for a retirement village in Mango Hill, Queensland.
• MaxCap - Gadens acted for MaxCap on an A$56m land facility provided to the DD Living Group for the “Burly Residences” development, a 25-level premium beachfront tower with 100 luxury apartments and resort style amenities.