Open for Investment
Newly Completed Retail Property
The Loan is secured by a first registered mortgage over a recently completed retail complex comprising fourteen (14) strata title retail shops in Epping, VIC, approximately 26kms north of Melbourne’s CBD.
The purpose of the loan was to refinance a Balmain funded construction loan used to complete the Security Property. Construction has now achieved Occupancy Permit. 13 of the 14 units have been leased representing an 87% occupancy. All leases have an initial term of between 5 to 10 years which provides for a Weighted Average Lease Expiry (WALE) of 7.74 years.
The Borrower Group is an experienced property investor and developer in South-Eastern Australia. The Group mainly focuses on construction of retail and commercial developments.
Target Return (net)7.3%
Loan to Value Ratio67%
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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