Media release: KCL Law advises Merricks Capital on revolving corporate warehouse facility for innovative proptech business

Jul 5, 2019

KCL Law’s Banking and Finance team recently advised Merricks Capital — an Australian-based investment manager on a revolving corporate warehouse facility for an innovative Australian proptech business.

Based in Melbourne, the proptech business is expected to reshape the home seller experience as it takes the stress out of selling a home by guaranteeing a fair price for the vendor.

The transaction was led by Ilan Kraus, Partner and Head of Banking and Finance, and supported by other team members.

Ilan Kraus commented on the transaction: “We have seen a significant increase recently in non-bank lenders advancing debt facilities to sophisticated corporate borrowers in what was once a market-sector dominated by the banks. We were delighted to have assisted the Merricks Capital team and congratulate them on closing this significant facility.”

For more information

For more information, or to arrange an interview, please contact Stuart Giles, Business Development & Marketing Manager, sgiles@kcllaw.com.au or (03) 8600 8822.

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