Resi Ventures secures private funding for Rockbank estate

Posted by Khurram Saeed on Jun 13, 2018 3:53:45 PM

 

Resi Ventures has secured $27 million from Wingate House to fund construction of the initial stages of its $200 million residential housing estate Accolade in Rockbank in Melbourne's West.

It is very positive that private debt providers were prepared to support experienced developers as the banks continued to retreat from lending across Melbourne’s growth zones.

The partnership with Wingate is built from them having an in-depth knowledge of our business such that they can offer advice on how to de-risk our projects allowing them to tailor a funding package that offers flexibility so we can scale our projects dependant on demand.

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Topics: #rockbank, #accolade, #funding

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