A selection of the transactions that we have undertaken since commencing trading in January 2012 are summarised below.
A selection of the transactions that we have undertaken since commencing trading in January 2012 are summarised below.
CVS Lane provided a first mortgage facility to assist in the acquisition of the Coburg Quarter property, which is located 8km north of the Melbourne CBD, comprises 12 development sites and is estimated to deliver in excess of 1,300 apartments at completion.
CVS Lane provided a first mortgage facility to assist in the acquisition of the Commercial Road site, which is located 2.5km north-east of the Brisbane CBD and once complete will comprise an 8-storey tower with 73 apartments, 2 ground level retail units and basement car parking facilities.
CVS Lane provided a first mortgage facility to assist in the acquisition of the Hopkins Street site which is located 5km west of the Melbourne CBD in Footscray, and will be used to develop upwards of 700 apartments and 4,000 square metres of retail and commercial space.
CVS Lane provided a first mortgage facility on the Oslo Apartments site to allow the borrower to refinance existing debt and to provide working capital to progress pre-development work. Located 5km northeast of the Brisbane CBD, Oslo Apartments will comprise 160 apartments and a retail premises upon completion.
CVS Lane provided a first mortgage facility to assist in financing development costs on the Mr Smith Apartments site, located 6km north-east of the Melbourne CBD in Northcote which delivered 49 apartments, 3 retail shops and basement car parking facilities.
CVS Lane provided a mezzanine finance facility to progressively fund preliminary costs relating to the development of the Montague Road site, which is located 3.5km south-west of the Brisbane CBD and will comprise two 6-level residential apartment buildings with a total of 132 apartments.
CVS Lane provided a mezzanine finance facility to assist with the development of the Greenviews project, which is located 31km north-west of the Sydney CBD and will comprise 49 residential units targeted to over 55s upon completion.
CVS Lane provided a mezzanine finance facility to assist with the development of the Highgate Apartments project, which is located 2.5km south-east of the Brisbane CBD and will comprise 36 luxury apartments and two detached dwellings upon completion.
CVS Lane provided a mezzanine finance facility (in addition to a first mortgage facility) to assist in the acquisition of the Hopkins Street site which is located 5km west of the Melbourne CBD in Footscray, and will be used to develop upwards of 700 apartments and 4,000 square metres of retail and commercial space.
CVS Lane provided a mezzanine finance facility against the Hawthorn Residential Apartments building, which is located in Hawthorn, 6km east of the Melbourne CBD, and comprises 91 residential apartments, ground level retail shops, a single two level office unit and 136 car spaces.
CVS Lane provided a preferred equity facility to assist with development of the Riverpoint on Ferry project, which is located 3.5km south-west of the Brisbane CBD and comprises 50 apartments across two buildings.
In 2014, CVS Lane and Consolidated Properties formed a Retail Partnership targeting to build a portfolio of supermarket anchored neighbourhood shopping centres. The Retail Partnership’s intention is to source assets with development or value adding potential.
Sites purchased to date include;
– Renounceable Sales Contracts
CVS Lane arranged a Renounceable Sales Contract solution on the New Quay Promenade project, located in Docklands, Victoria, that accelerated the satisfaction of senior debt condition precedents relating to the number of purchasers requiring Foreign Investment Review Board approvals
– Distressed Debt Acquisition
CVS Lane provided a first mortgage facility to assist the borrower to acquire, at a significant discount, an existing senior debt facility against the Pentridge Village site, located 8km north of the Melbourne CBD.