First Mortgage Land Facilities - Repaid

Mixed use development, Burleigh Heads, Gold Coast

During 2020 CVS Lane provided two first mortgage land facilities ($10 million and $26 million respectively) to assist a Queensland-based client acquire two beachfront parcels of land on the Gold Coast.
The adjoining parcels were to be developed into a mixed-use hotel and residential complex across two towers, comprising 132 hotel rooms and 92 residential apartments. The facilities were repaid in March 2022.
A further $4.41 facility was provided in late 2021 to assist with early development works.



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