Early Childhood Centre
Development Loan
Auckland
Project details
Loan type
Development
Property type
A magnificent castle standing proud at the edge of a main arterial road in Auckland’s west
Loan size
$3-5m
Term
15 months
Loan to Value Ratio
68%
Property size
A total site of 1,110sqm across three levels, sitting on a 1,009sqm site
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Helping provide spaces for the future generation of property developers
When the call was made to fund the ambitious construction of a castle, Killarney Capital rode into town with the imagination and the funds to make it happen.
Of course, this is no ordinary castle. It is an impressive three level commercial building to house an early childhood education centre. The proposal came with a pre-lease to an established childcare operator, making it suitable for a tidy refinance on completion. The specialised nature of the build was overcome by our faith in our client’s experience and ability to deliver a quality product, on-time and within budget.