$48.5m Hotel / Accommodation & Mixed-Use Asset
Private Family
South Australia
Proeprty Development and Construction funding
Co-Founder Tom Renda brings 35 years of experience in front line and Senior Executive roles in Business, Corporate and Institutional Banking across 3 major banks.
Tom’s area of expertise is working with large private businesses and small and mid cap listed companies providing advice and solutions on:
Thomas (Tom) Renda is a credit representative (510599) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)
Starting out in family business Michael has over 35 years front line banking & finance experience across 3 major banks in corporate and commercial banking.
Since 1997 Michael has specialised in financing property investment and property development transactions ranging from $15m to $100m for private family businesses, family offices and unlisted funds. Throughout this period Michael has also led teams of bankers in both the property and generalist areas, with a 2-year stint working within a boutique advisory firm before returning to a senior property role in Corporate and Institutional Banking.
Michael’s area of expertise is working with small to large private family businesses providing advice and structuring solutions on:
Significant time and cost overruns by the developer resulted in a substantial unsecured exposure for our client, the builder. Developer did not have the capacity to refinance a distressed asset partway through construction.
Acquisition of the asset without additional security, ensuring the protection of substantial funds owed to the client who could now complete the project as owner / builder.
Positions the builder to recover 100% of the funds owed and potentially realise a development profit upon project completion.