CBC has refinanced newly built luxury apartments in Toorak, VIC for an existing borrower client at an LVR of 74%. Located 5km from the CBD, Toorak is one of Melbourne’s most exclusive suburbs with notable access to prestigious schools, public transport, public parks and recreation. The project has a gross
realisable value in excess of $35m and features top quality materials and finishes.


This residual stock loan will allow the borrower to refinance their current
construction facility which reached maturity, into an extended selldown structure. With discerning luxury buyers in Toorak wanting to view finished product before making their downsizing decision, it made sense to restructure and allow the
borrower time to maximise their opportunity to present the product in its best light,
and in turn optimise their returns.

CBC is proud to continue to support and strengthen our relationship with this
existing borrower as well as expand the metropolitan Melbourne portfolio.