Junction Village, Cranbourne, VIC

Residential development site

The Loan is secured by a first registered mortgage over a 29ha Urban Growth Zone development site with Planning Permit approval for 320 residential subdivision lots with an average lot size of 478m².

Junction Village is 45km south-east of the Melbourne CBD. The Security Property is located next to the Royal Botanic Gardens, Cranbourne and 3.5km from the Cranbourne Train Station.

The site is located immediately off the South Gippsland Highway and benefits from Cranbourne’s established infrastructure with Cranbourne (subregional) Shopping Centre.

Junction Village and broader Cranbourne are part of Melbourne’s growth corridor, 40-50kms south east of Melbourne, with a population of circa 20,000.

The purpose of the Loan was to refinance acquisition funding. To meet the Manager’s requirements including prepaid interest, the Borrower introduced more than $5.25MM as equity to the Loan from their own cash reserves.

The Borrower Group is one of the largest privately-owned real estate agencies in China. In Australia, the Borrower Group employs more than 100 staff and has invested over $100MM in real estate acquisitions in the last 3 years. The Group have a substantial development portfolio including large scale residential land subdivision projects in the growth corridors of Victoria.

Investment Details

• Target Return (P.A. net)

  7.45%

• Loan to Value Ratio

  60%

• Term to Run (Mths)

  7 Mths

• Minimum Initial Investment

  $10,000