Stretched Senior Debt

$50m Gross Realisation Value 

Reunion Place, is a three-level building, comprising 24 two and three-bedroom apartments and five penthouse-style residences situated minutes from Hampton Village and the Bay. 

Beautifully designed by Fender Katsalidis architects and complemented by an exquisite landscape design by Eckersley Gardens, Reunion Place will be delivered by Sinjen Group with completion scheduled in the fourth quarter of 2023. 

The developer was seeking a capital partner that could provide a construction facility that extended beyond traditional lending parameters.  Monark understood the developer’s brief and subsequently provided a stretched senior debt facility which provided them with a complete funding solution. The benefit of this facility is that it enabled the project to commence construction earlier than forecast and minimised the developer’s equity contribution. 

Senior Debt

$350 million Gross Realisation Value

Underbank is a multistage land subdivision community comprising over 1,200 residential lots. The new neighbourhood provides residents with a plethora of local amenity including; cafes, supermarket, childcare and landscaped parklands.

A key criteria of the developer was a facility that provided flexibility around construction commencement of each stage. To satisfy this, Monark structured a revolving senior debt construction facility to finance land and subdivisional works together with associated infrastructure and landscaping costs of multiple stages which unlocked underlying value in the estate and accelerated the development program.

Monark is committed to funding the estate until its completion scheduled in 2026.

Senior Debt

$21m Gross Realisation Value

I.Co Richmond is a boutique collection of fourteen self-contained offices ideally located in the city fringe, surrounded by all the very best amenity Richmond has to offer. The industrial style finishes, flexible open spaces, contactless entry and private amenities, are all qualities that resonated particularly well with owner occupiers and investors.

Monark provided a senior debt facility with a low presale hurdle, enabling the accomplished developer to commence construction earlier than anticipated if funding was sourced from a traditional bank.

The benefits of this strategy was an accelerated development program and successfully converting buyer interest into legally binding presales during construction.

Senior Debt

$56m Gross Realisation Value

Spanning over 5,300m², this thoughtful and sustainably designed boutique office building occupies a sought-after position in Collingwood’s vibrant center. An A Grade building, offering 9 floors of light-filled efficient retail and office accommodation, an eye-catching double-height lobby, spacious rooftop terrace, superior end-of-trip facilities, and stunning 360-degree views of Melbourne CBD and Dandenong Ranges.

Monark provided the developer with an initial land debt facility to settle the property followed by a senior debt construction facility with zero prelease commitments. On completion of the building, Monark provided the developer with a cost effective term debt facility to undertake an orderly letting up program so as to maximise the commercial outcomes of each and every tenancy.

Monark supported the development from inception to completion, creating an intergenerational asset for our client and stunning addition to the Collingwood commercial office market.

Senior Debt Construction Facility

$60m Gross Realisation Value

The R Hotel Geelong is a luxury apartment hotel project which is a redevelopment of a 165-year-old heritage listed building in Geelong CBD, a short walk to Geelong Waterfront. The experienced developer sought funding to assist with the construction of this 10 storey building, comprising 110 one and two bedroom apartments on 1,544sqm of land.
Monark provided a senior debt construction facility which enabled the developer to bring forward its construction program and scheduled completion date. This project was important and encouraged by the Minister of Planning Richard Wynne, due to its economic impact to the greater city of Geelong.

Senior Debt

$50m Gross Realisation Value

This mixed-use development in an established, high-demand residential area comprises 46 luxury apartments over seven levels, plus two ground-floor retail premises.

Monark structured and provided a stretched senior debt facility that enabled the developer to settle the property, procure an attractive planning permit, and secure 100% pre sales prior to construction commencement.

Senior Debt

$240m Gross Realisation Value

Monark provided the senior debt facility against a landmark site situated in Hawthorn. Monark’s facility enabled the developer to withdraw additional funds to assist with the project costs prior to construction commencement.