← Marketplace
Illustrative Demonstration Data Only — Not Live Market Information.
The asset
Barangaroo Gateway Senior Credit — the underlying real asset securing this offering.
1/3
Slide 1 of 3: The asset. Barangaroo Gateway Senior Credit — the underlying real asset securing this offering.
Secondary onlyCommercial real estate · Sydney CBD, NSW
Barangaroo Gateway Senior Credit
First-mortgage senior loan secured against a premium-grade Sydney CBD office asset at 92% occupancy with a 6.2-year weighted average lease expiry. Fully subscribed at issue; units now trade on the Democratise secondary venue.
BGSC-25ERC-3643 (permissioned)Redbelly NetworkFIRB pre-screenedNABERS 5.5 starPremium grade
Key metrics
- Occupancy
- 92%
- WALE
- 6.2 years
- Loan to value
- 58%
- Interest cover
- 1.65x
- Valuer
- CBRE (Mar 2026)
- Cap rate
- 5.75%
Use of proceeds
- Refinance incumbent bank facility (A$96m)
- Capex programme — lobby and end-of-trip (A$18m)
- Interest reserve (A$6m)
Structure
- Sponsor
- Harbourline Capital
- Trustee
- Equity Trustees
- Custodian
- Zodia Custody
- Instrument
- Senior first-mortgage loan
- Ranking
- First registered mortgage
- LTV
- 58%
- DSCR
- 1.65x
- Maturity
- 2029-03-31
Related