Investment Date and Term August 2019; 17 month term
Gross Project Value
AUD $18.0m Second Mortgage
Residential, Hotel &
Multiple Capital has provided a 17
month mezzanine construction loan to Viapac for its Oros Project in Oakleigh in
partnership with SGC. The project involves the development of 245 apartments,
25 townhouses, a 106 room apartment hotel and 6 retail.
Construction commenced in mid-2018 and was 30% complete at first drawdown, Earthworks and the basement were complete, significantly de-risking the project.
The security package includes a registered second mortgage and general security agreement.