Completed

McKinnon, VIC

Commercial Property

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

Investment Details

  • Target Return
    7.65% net
  • Actual Return
    7.76%
  • Loan to Value Ratio
    55%
  • Date Commenced
    11/10/2017
  • Repaid
    1/10/2018
  • Original Term
    12 Months
  • Actual Term
    12Months

Loan Information

Loan Amount $1,650,000
Security 1st registered mortgage, joint and several guarantees and General Security Agreement over the Borrower
Asset Commercial property, DA approved for redevelopment, located in McKinnon, VIC, approximately 12kms south-east of Melbourne’s CBD
Tenant(s)
Borrower The Borrower group is a highly experienced local property developer with over 20 years’ experience.