The client was purchasing a block of land in Sydney for $17m along with options ($5m) for the surrounding blocks of land.
Client had another block of land worth $30m in Sydney whereby they needed to pay out the existing 1st mortgage of $10m. We lent the client $36.6m which included 100% on the purchase of the new property, paid out the existing first mortgage, gave the client the money for the options and stamp duty, along with capitalised interest, fees and charges for the whole 12 month term.