Completed

South Melbourne, VIC

Commercial property with DA approval for residential redevelopment

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

Investment Details

  • Target Return
    7.4% net
  • Actual Return
    7.49%
  • Loan to Value Ratio
    65%
  • Date Commenced
    27/09/2017
  • Repaid
    17/10/2018
  • Original Term
    12 Months
  • Actual Term
    13Months

Loan Information

Loan Amount $1,885,000
Security 1st registered mortgage, multiple joint and several guarantees and a General Security Agreement over the Borrower
Asset Commercial property with DA approval for residential redevelopment, located in South Melbourne VIC
Tenant(s)
Borrower The director of the Borrower is a restaurateur and has engaged appropriate professionals to assist with the approved development.