1. /
  2. RICHMOND, MELBOURNE, VIC

RICHMOND, MELBOURNE, VIC

Interest rate:   7.5%pa

LVR:   65%

Loan Term:   12 months

Total Loan:   $12,415,000

Security:   Land

First mortgage investment to fund the purchase of a prime parcel of land in Richmond. The borrower sought funding from ARK Capital to assist in settling the property whilst they sought approval for a substantial 13 level mixed-use development. Adhering to ARK Capital’s stringent due diligence process, the developer was approved for funding given their strong financial position and proven ability. Adjacent to the Cremorne office precinct, the development is located in a thriving inner-city community with a strong real estate market.