Interest rate: 8.25%pa
Loan Term: 12 months
Total Loan: $9,486,750
Security: Land & Residential Property
First mortgage investment to fund the refinance of the main security of a property in the suburb of Southbank. The borrower sought funding from ARK Capital to assist in settling the land while they assessed development of the property in accordance with its permit for a large scale, mixed-use development. With both local and international property development experience, the borrower of this extensive real estate development is highly regarded within the industry and masterful at delivering similar large-scale projects.