1. /
  2. ELWOOD, MELBOURNE

ELWOOD, MELBOURNE

Interest rate:   7.75%pa

LVR:   70%

Loan Term:   12 months

Total Loan:   $3,710,000

Security:   Residential Land

First mortgage investment to fund the acquisition of two properties that would allow the borrower to successfully obtain planning permits for the development of 13 high-end residential apartments. As an industry leader in quality property developments, this private developer sought funding from ARK Capital to assist in this inner-city property development. The professionalism and experience of the group behind this property development was well known to ARK Capital, with the development located in the desirable bayside suburb of Elwood.