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Illustrative Demonstration Data Only — Not Live Market Information.
The asset
Brisbane Build-to-Rent Development Credit — the underlying real asset securing this offering.
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Slide 1 of 3: The asset. Brisbane Build-to-Rent Development Credit — the underlying real asset securing this offering.
OpenResidential / BTR · Fortitude Valley, QLD
Brisbane Build-to-Rent Development Credit
Stretch-senior construction facility for a 387-apartment build-to-rent development in Fortitude Valley, inside the 2032 Olympics infrastructure corridor. Drawdowns are quantity-surveyor verified against milestone completion.
BBTR-27ERC-3643 (permissioned)Redbelly NetworkFIRB pre-screened387 apartmentsOlympics corridorGreen Star targeted
Key metrics
- Apartments
- 387
- Loan to cost
- 68%
- Builder
- Tier-1, fixed price D&C
- Presales
- n/a (BTR)
- Practical completion
- Q3 2028
- Cost contingency
- 6.5%
Use of proceeds
- Construction drawdowns against QS certification (A$78m)
- Land settlement residual (A$11m)
- Capitalised interest and fees (A$6m)
Structure
- Sponsor
- Meanjin Living
- Trustee
- Equity Trustees
- Custodian
- Zodia Custody
- Instrument
- Stretch-senior construction loan
- Ranking
- Stretch senior first mortgage
- LTV
- 68% LTC
- DSCR
- n/a (construction)
- Maturity
- 2029-01-31
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