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  2. PRESTONS 2, NSW

PRESTONS 2, NSW

Interest rate:   7%pa

LVR:   65%

Loan Term:   12 months

Total Loan:   $5,427,000

Security:   Land

First mortgage investment to fund acquisition of land for immediate settlement to allow the borrower to gain approval for a three-lot subdivision. ARK Capital provided funding to the borrower who intended to develop industrial and commercial real estate on the site. The borrower has had proven success in property development and is recognised by ARK Capital as a prominent developer. The development is ideally located approximately 31km from Sydney in a strong growth corridor.