Senior & Mezzanine Facilities totalling $13.6m for site refinance and construction of 34 apartments at 67.5% of the Net Realisation Valuation in Cheltenham, Victoria

Senior & Mezzanine Facilities totalling $13.6m for site refinance and construction of 34 apartments at 67.5% of the Net Realisation Valuation in Cheltenham, Victoria

PROJECT BACKGROUND Construction and development of a residential apartment project of 34 residential dwellings over four levels above a basement carpark.   LOCATION OF PROJECT Cheltenham, VIC   THE DEVELOPER The Group is a vertically integrated, full service property development and construction group based in Melbourne. Until recent times, the Group has operated for most part in the background on the delivery of a large pipeline of projects. The company continues to construct and develop sites and will continue to do so for a number of years to come. At present, the developer holds in excess of 20 projects which

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