Incolink Mezzanine Fund, managed by MaxCap Group is a unique investment for Incolink which creates jobs of members. It has stemmed from a strategic decision to build on Incolink’s commitment to support and invest back into the building and construction industry.

Incolink along with asset manager MaxCap Group established the Incolink Mezzanine Fund in 2011 to lead the way in establishing initiatives to sustain the building and construction industry for the future. MaxCap has a proven track record as an asset manager of institutional second mortgage funding, delivering sound risk-adjusted returns with 100% success in capital preservation. To find out more about MaxCap Group visit

Through the risk mitigated investment of member funds back into the industry, the Incolink Mezzanine Fund directly assists in the creation of more jobs for members; supporting the industry which consequently creates greater returns to enable cycle of re-investment. 

Investment Projects

The Incolink Mezzanine Fund, has now successfully invested in a number of industry leading, commercial development projects across Victoria.

The following principles are core to each investment:

  • Seek high quality borrowers and builders
  • Transact with proven counterparties and consultants
  • Assets are well located with product typically exceeding market expectations
  • Invest in risk adjusted mezzanine facilities
  • Gearing ratios <90% of total development cost, with necessary cash equity maintained at all times
  • Loan terms are typically 12-27 months
  • A clearly established exit to repay the second mortgage debt in full within the term of the loan

Kings Domain

Location:  68-70 Dorcas Street, South Melbourne
Description: Set in the prime location off St Kilda Road, opposite the Royal Botanic Gardens, the mixed-use development with luxury amenities is set to become a gleaming elliptical tower comprising 236 apartments over 24 levels, including car parking, and ground level retail. The development includes the concierge run Kings Club for its residents, which incorporates the whole of Level 5, and will include a private dining room, cinema, library lounge, games room and a fully equipped gym and lap pool. Kings Domain is located close to Albert Park Lake, some of Melbourne’ best schools and is in close proximity to excellent sporting facilities.

Victoria One

Location:  452 Elizabeth Street, Melbourne
Description:  Designed by renowned architects Elenberg Fraser and comprising 628 apartments over 75 levels. This residential development has the Queen Victoria Market, public transport services, tertiary education facilities and the city itself at its doorstep. Drawing inspiration from the environment, the podium which sits above first two floors of retail features mass vegetation, softening the building’s presence against the surrounding cityscape and concealing the building’s car parking along the eastern façade. The development is state of the art in its design and includes a communal health club, gym, pool, sauna, and residents’ lounge/dining areas. When completed, it will become the tallest residential building in the Melbourne CBD.


Location:  130 Dudley Street, West Melbourne, 3003
Description:  Comprising 241 apartments and designed by award winning architect ElenbergFraser, Ikebana is an oriental styled residential development capturing the essence of Japan. The luxury apartment project will be split among three buildings with the largest accommodating 92 apartments. The development is 100 metres from Flagstaff Gardens, 400 metres from North Melbourne and Flagstaff train stations, 200 metres from the Queen Victoria Market and a few hundred metres from the CBD and Docklands.

The Carlson

Location:  315- 321 Latrobe Street, Melbourne
Description:  Designed by renowned architects Rothelowman and comprising 150 apartments over 34 levels and a retail/cafe chamber, this residential development is a stone's throw from the Queen Victoria Market, public transport services and tertiary education facilities. Drawing inspiration from the classic New York brand of apartment living, The Carlson's sense of style is just as important its functional and versatile space.

Oxley apartments

Location:  46 - 74 Stanley Street, Collingwood 3066
Description:  Designed by award winning architects Ellenberg Fraser in the heart of a significant Heritage Precinct, Oxley comprises 233 dwellings up to 9 levels and 193 car parks over four individually designed apartment buildings, enveloping two urban laneways in one of the city's oldest and fastest growing suburbs. Complete with its very own premium retail amenities including a cafe, rooftop pool and sky garden terrace, Oxley is only 1km North East of the Melbourne CBD.

Chanel HQ

Location:  140 Flinders Lane, Melbourne
Description:  Redevelopment of historic building for the global luxury brand Chanel who require a 'flagship' property to accommodate; retail, training facilities and offices

The Emerald Melbourne

Location:  35 Albert Rd, Melbourne
Description:  Landmark apartment complex containing 288 apartments, ground floor retail and 293 car spaces

Infinity 88

Location:  243-263 Franklin St, Melbourne
Description:  An 18 level residential high-rise development, featuring 170 one and two bedroom apartments

Skylofts 601

Location:  601 Little Collins St, Melbourne
Description:  Air rights development incorporating refurbishment of an existing storage building and construction of 6 stories comprising 81 apartments