Our client was re-developing a building in Melbourne CBD when construction was halted due to a serious asbestos issue. Despite having an existing facility with a reputable bank (including a first mortgage over an unencumbered property), they were denied the additional capital needed for the asbestos removal and clean up. They turned to us for help. We provided a short-term gap solution for three months enabling the clean up to occur and construction to remain on course.
Exit: Construction refinance