Dorado is pleased to announce the successful settlement of a first mortgage facility to support a key developer in the acquisition of two prime development sites in Wellard, WA. Located at Lot 882 and Lot 915 Charing Cross Crescent, these sites represent a combined 4,788m² of land strategically zoned for high-density residential and mixed-use growth.
The project is backed by existing Development Approvals for two separate three-level walk-up complexes, totaling 60 apartments across eight towers. To ensure delivery excellence, the borrower is finalising a construction contract with a builder who has a proven track record of successful collaboration. This facility highlights Dorado’s commitment to funding well-located, high-density residential projects that meet the growing demand for modern housing in the City of Kwinana.