Eildon Capital advanced a $3m loan facility

Company News

by Jessica Amir

Eildon Capital Limited (ASX:EDC) has announced it has advanced a $3 million mezzanine loan facility to fund a development project in Melbourne.

The property investment company says the project in Hawthorn involves developing 70 residential apartments and two retail tenancies.

The properties have also been substantially presold. 

The loan is set to a Loan to Value Ratio (LVR) of below 78% and has an 18 month term. 

Eildon Capital says it’s pleased to be financing a well credentialed property development team. 

Shares in Eildon Capital Limited (ASX:EDC) last traded 1.87% lower to $1.05.
        

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