Completed

St Ives, NSW

DA Approved Residential Development Site

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

Investment Details

  • Target Return
    7.9% net
  • Actual Return
    7.9%
  • Loan to Value Ratio
    55%
  • Date Commenced
    21/12/2017
  • Repaid
    7/12/2018
  • Original Term
    12 Months
  • Actual Term
    12Months

Loan Information

Loan Amount $4,950,000
Security 1st registered mortgage, joint and several personal guarantees and a General Security Agreement over the Borrower
Asset Residential development site with DA approval
Tenant(s)
Borrower The Borrower is a Special Purpose Vehicle created for the sole purpose of acquiring and developing the Security Property and the directors of the borrowing entity are major shareholders of a Sydney based property development firm.