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  2. RIPLEY, IPSWICH, QLD

RIPLEY, IPSWICH, QLD

Interest rate:   7.5%pa

LVR:   68%

Loan Term:   12 months

Total Loan:   $31,630,000

Security:   Land & Construction

First mortgage investment to fund the construction of three stages, consisting of 134 land lots within this master-planned residential subdivision. As a long-standing client of ARK Capital, the borrowers for this master-planned community have the reputation, expertise, and experience to deliver outstanding property results. Less than an hour from Brisbane within the western growth corridor, the prime location integrates urban convenience with Queensland’s south-east beauty. The borrower sought ARK Capital funding to assist with the refinance of approved vacant land and construction, with the construction of the three stages to be completed by early 2023.