A client owned a parcel of vacant industrial land in Victoria, situated within a PSP (Precinct Structure Plan). The original planning process was delayed when the council requested amendments due to an error relating to an intersecting road on a neighbouring lot. The client needed a refinance solution to extend their position for a further 12 months while revised planning and permits were completed.
AMF provided a $23.5 million facility at 65% LVR, secured against the vacant industrial land. The refinance gave the client the necessary runway to work through planning approvals without being forced into a premature exit. From term sheet stage to settlement, the entire process was completed in just 3 weeks — giving the client certainty and time to achieve the revised approvals.
