Residual residential lots and a completed residence
Please note that this investment is now closed. The information below is for historical purposes only.
Target Return7.7% net
Loan to Value Ratio47%
Original Term4 Months
|Security||1st registered mortgages, joint and several guarantees and a General Security Agreement over the Borrower|
|Asset||Four residual residential land lots and a completed residence at Woombye, QLD|
|Borrower||The Borrower group comprises the principal directors of a surveyor/town planner and a registered local builder; both run established businesses and have significant property development experience.|