Metrics Credit Partners, one of the country’s biggest non-bank lenders, has taken over the development of a residential project in Melbourne’s east after its developer APH Holding collapsed last year.
It’s the second such project Metrics has taken over in the last two months and the latest example of private credit providers taking charge of struggling projects.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
