Open for Investment
The Loan is secured by a first registered mortgage over two englobo land lots and seven titled land lots located in Beaconsfield, VIC, approximately 45km south-east of the Melbourne CBD.
The purpose of the Loan was to assist with the acquisition of englobo land for future development stages in the Borrower’s Beasconsfield Roses subdivision.
The Borrower Group are experienced land subdividers and residential property developers having delivered 2 residential apartment projects (over 55 units in total) and 3 land subdivision projects (over 330 lots in total).
Target Return (net)7.65%
Loan to Value Ratio59%
Term to Run (Mths)10 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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