HABEN FINANCE NO. 1 TRUST (HF1T)
Haben recently financed ‘Allure’ – a 61 unit development in the Sydney suburb of Ryde. At loan commencement,
95% of the units had been pre-sold.
Offering debt cover of at least 1.5 times, in addition building works had commenced taking out ground risk. Given the great
security and debt cover, Haben (with its strong background in development) felt this was an opportunity worth pursuing.