MaxCap provides $25 million Land and Construction Facility to KDL Property Group
18 January 2022 – Brisbane – MaxCap Group, Australasia’s leading Real Estate financier has confirmed it will provide a land and first mortgage construction facility to KDL Property Group (KDL) for the site acquisition and construction of their Rosebank Estate project.
MaxCap is excited to be partnering with experienced land developer in KDL for their Rosebank Estate located in the prime growth corridor of Logan Reserve, Queensland. With significant infrastructure investment underway and demonstrated market acceptance of neighbouring developments, Rosebank Estate continues to impress with strong demand from first home buyers.
MaxCap’s State Director – QLD, Michael Nitschke said: “In a burgeoning land market, to have an opportunity with a developer of the calibre of KDL, this represents the ideal project for MaxCap to continue pursuing quality residential land sub-divisions in South East Queensland”.
KDL Property Group Managing Director, Kent Leicester said: “We are proud to have the support of MaxCap for our Rosebank Project in Logan Reserve. Like every KDL project, it is paramount we work with experienced professionals that align on our vision. With the current industry landscape presenting new challenges, MaxCap Group’s flexible solution allows us to be agile as we continue to deliver on our promise to develop quality communities.”
“With Rosebank now under construction and number of new projects to come to market in 2022 and beyond, we envision this is only the first of many ventures with MaxCap Group.”