The new funding from Lloyds TSB Corporate Markets means LAG can now move ahead with the £47 million, 6,070 sq m development on the former site of flag manufacturer Porter Bros.
The scheme has received £5 million mezzanine funding from Investec Private Bank.
Kings Dock Mill will include a 151-bedroom Hilton hotel plus 188 apartments and 330 sq m of office space. Work is due for completion in January 2010.
LAG director Jonathon Prichard said: “This development is another sign of Liverpool’s renaissance. The fact that we secured funding for this scheme and can now start on site in the current marketplace shows the confidence we have in the city.”