Open for Investment
Multi tenanted commercial property
The Security is a multi-tenanted commercial property located opposite Epping Railway Station in the Epping Town Centre. The Epping Town Centre is a NSW Government Urban Activation Precinct and was recently rezoned to allow the development of high rise residential within 400 meters of Epping Railway Station.
The Security Properties were acquired for $36.6m with $24.3m of Borrower equity being committed to the acquisition. The purpose of the advance is to assist the Borrower to achieve DA approval and pre-marketing for a major residential development.
The Security Properties were valued on an "as is" basis. The Loan was advanced at a Loan to Value Ratio of 44%.
Target Return (net)7.55%
Loan to Value Ratio44%
Term to Run (Mths)12 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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