News and Announcements
Newground Capital Partners announce financial close in Canberra
- Published June 04, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Newground Capital Partners is pleased to announce the financial close of a mezzanine debt facility for a residential apartment development in Canberra.
Newground secured the senior lender in addition to its funding to assist the developer in the construction of 78 apartments with a healthy level of pre-sales in place.
“This is an example where Newground was prepared to take some market risk on a quality project which is well located, thoughtfully designed and attractive to a range of buyers.”
– Stephen Hall, Newground Capital Partners
About Newground Capital:
Newground Capital Partners are real estate debt & equity partners. The company invests across all sectors of real estate development alongside proven sponsors who require additional capital to grow and execute their project pipeline. Newground provides investors with access to off-market proprietary deal flow, genuine alignment of interest via co-investment, combined with years of experience and a proven track record.
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