Office Refurbishment

Melbourne Suburbs

Arch was mandated to finance the acquisition of an office building and to provide additional funding to assist with its refurbishment.

The client’s primary transaction need was to maximise leverage to conserve equity for refurbishment.

Arch initially arranged $2.6 million at 70% LVR to support the acquisition and another $1.4 million to support refurbishment based on 100% lease commitment of the refurbished property.

The refurbishment resulted in a significant uplift in the property value to $7 million (57% LVR).