Rural Residential Land
The Loan is secured by a first registered mortgage over four adjoining rural residential properties at Dural, NSW; approximately 36kms north-west of Sydney’s CBD.
The Security Properties are four rural residential lots with a combined land area of 6.276ha, with three of the lots improved by older style residences. The Security Properties have been strategically acquired by the Borrower for consolidation with existing adjacent and nearby holdings for future development purposes.
The Borrower is a long established and well capitalised Australian development and investment company.
- The Loan was advanced at a Loan to Value Ratio of 46%.
- The Target Return is 7.55% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
- The Loan is supported by personal and corporate guarantees and a General Security Agreement over the Borrower.
- The Loan Term is 18 months, subject to early or late repayment, from 12 December 2018 to 11 June 2020.
Target Return7.55% net
Loan to Value Ratio46%
|Security||1st registered mortgage, multiple joint and several guarantees and a General Security Agreement over the Borrower|
|Asset||Rural land for future development located in Dural, NSW|
Full details of each investment are provided to investors in a Supplementary PDS unique to each particular Sub-Trust.