Richmond

Senior Debt + Mezzanine Debt
$35m Gross Realisation Value

This project consists of 55 residential apartments, retail space and basement car parking. The project end value is in excess of $31 million. Monark provided an end-to-end financial solution, initially funding the settlement of the property with a senior debt facility and marketing costs for the project. Once derisked, Monark provided a mezzanine debt for the construction of the project and assisted the developer by arranging bank debt funding.