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Desane Boosts Funding by $6M with NAB Debt Refinancing for Penrith Project
11:01am on Monday 27th of October, 2025 AEDT
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Real Estate
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Desane Boosts Funding by $6M with NAB Debt Refinancing for Penrith Project
11:01am on Monday 27th of October, 2025 AEDT
Key Points
Refinanced $18.8 million debt facilities with NAB, up $6 million from previous CBA arrangement
Independent valuations show $750,000 net increase across four secured property assets
Two-year facility secured with improved pricing, interest terms, and simplified covenants
Funding to reduce reliance on construction debt for 44-unit industrial project in Penrith
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