Completed

West Melbourne, VIC

Commercial properties with Development Approval

Please note that this investment is now closed. The information below is for historical purposes only.

Investment Details

  • Target Return
    7.5% net
  • Actual Return
    7.5%
  • Loan to Value Ratio
    60%
  • Date Commenced
    23/01/2018
  • Repaid
    15/01/2019
  • Original Term
    12 Months
  • Actual Term
    12Months

Loan Information

Loan Amount $2,200,000
Security 1st registered mortgages, Guarantees and Indemnities and a General Security Agreement over the Borrower
Asset Commercial properties with development approval, located in West Melbourne, VIC
Tenant(s)
Borrower The Borrower Group is an experienced property development and investment group with the principal director controlling a Melbourne based property development company, specialising in townhouse and apartment style projects.