Open for Investment
Englobo Residential Land for future development
The Security Property forms part of the Master Planned Estate, known as “Gen Fyansford” which on completion will include in excess of 1,000 residential lots, 4.5ha of retail and commercial offerings and approximately 52ha of open space including parklands and a town centre. Gen Fyansford comprises two (2) distinct precincts “Fyansford East & Fyansford West”, with seven (7) Stages within each precinct.
To date the Borrower has completed 231 lots over three (3) stages at Gen Fyansford with pre-sales of land generally achieving close to sell-out before each stage commences.
The Borrower intends to develop the site into 493 residential land lots across three (3) stages once existing development stages have been completed. A Planning Permit has been lodged and approval is anticipated within the next 6 months.
The purpose of the Loan was to assist with the marketing, professional and development costs associated with the Security Properties.
The Borrower is owned as part of a Joint Venture between two well established Property Developers (one a listed Thai entity) who have previously and are currently delivering significant real estate projects.
Target Return (net)7.65%
Loan to Value Ratio50%
Term to Run (Mths)15 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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