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© C4|Capital 2017

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PROPERTY

INVESTMENT PROJECTS

COMMERCIAL OFFICE PROPERTY REFINANCING 

2019

With lenders' credit criteria in the Perth commercial market tightening, a competitive financing process is essential to achieve the best lending outcome. After running such a process and electing to proceed with another lender, that lender's policies changed twice after mandating, which did not allow them to proceed on the terms initially indicated. Despite that, we were able to use the threat of refinance to force the existing lender to provide a 3 year interest only term, with only a small debt reduction to achieve the required Loan to Value ratio.  

COMMERCIAL OFFICE PROPERTY REFINANCING 

2017

C4|Capital recently closed a significant deal to assist with the refinancing of two professional commercial units for an investment trust. We were able to secure superior terms and pricing, after running a successful competitive process. Just as importantly, the process highlighted the lack of pro activeness on the part of the incumbent bank and therefore provided the client with funding options prior to the maturity of the existing facilities. The competitive facilities were secured despite a relatively short lease tenor and enables the owners to potentially increase their distributions due to the lower cost of capital as a result. This is the third such transaction we have seen where the incumbent relationship bank has failed to ‘close the door’ on their competitors and highlights the benefits of running a professional process.