Open for Investment
Bellbird Park, QLD
Residual Residential Lots
The Loan is secured by a first registered mortgage over fourteen residual residential lots in a 25 lot subdivision, at Bellbird Park, QLD, approximately 29kms south-west of the Brisbane CBD.
The Bellbird Park development was completed in November 2017 and comprised the subdivision into 25 residential allotments ranging in area from 450m2 to 500m2. Of the 25 lots 11 have been sold.
The purpose of the Loan was to repay the remaining balance of the construction funding. The Loan will be repaid from the net sale proceeds from the sale of the individual Security lots during the Loan Term.
The Borrower group comprises four related individuals who have provided guarantees to the Loan.
Target Return (net)7.7%
Loan to Value Ratio60%
Term to Run (Mths)11 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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