Open for Investment
Residential apartment building
The Loan is secured by a first registered mortgage over a fully owned 15 unit residential apartment building that has future development potential.
The purpose of the Loan was to provide funds to refinance the various lenders used to acquire the individual units and consolidate the building funding into a single loan facility.
The Borrower Group are experienced property investors and developers who have recently completed a similar project in Burwood and have a substantial real estate investment portfolio.
The Borrower also owns the two apartment buildings adjoining to the east and west of the Security Property that have similar development potential.
Target Return (net)8.05%
Loan to Value Ratio60%
Term to Run (Mths)17 Mths
All Current Investments.
All loans are credit approved before being offered to investors. All target returns are net of fees.
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