1. /
  2. MT COTTRELL, VIC

MT COTTRELL, VIC

Interest rate:   7.5%pa

LVR:   63%

Loan Term:   12 months

Total Loan:   $14,956,000

Security:   Residential Land

First mortgage investment to fund a strategic land acquisition (currently in the pre-commencement stage of precinct structure planning approval), located in the strong urban growth corridor of Mt Cottrell, sister suburb of Tarneit in Victoria. Well-known to the ARK Capital team, the borrower is experienced in creating master-planned residential communities, as well as successful commercial developments across Victoria and South Australia. With the borrower’s financial capacity and continuing demand for affordable land on the urban fringe, ARK Capital was confident in assisting the borrower with funding to purchase this land for development.