OROS Oakleigh

Investment Date and Term
August 2019; 17 month term

Gross Project Value

AUD $217.6m

Debt Investment

AUD $18.0m Second Mortgage Construction Loan

75.0% LVR

Asset Class

Residential, Hotel & Commercial Development

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.