Bobbin Head Road Turramurra Trust

Executive Summary

  • Loan Amount: $4,300,000
  • Loan Type: Construction Loan
  • LVR: 65%
  • Date of Settlement: 23/12/2019
  • Mature date: 22/03/2021
  • Actual Expired Date: 19/03/2021
  • Loan/Investment Term: 15 months
  • Investor Return: 7.40%
  • The Loan is secured by a first registered mortgage over a 2,273 sqm vacant land parcel with construction certificate obtained for 2 Two-Storey 5-Bedroom 3-Bathroom detached houses development at Lot 1 and Lot 3, 80 Bobbin Head Road, Turramurra NSW 2074.
  • Funds were used to assist the refinance the security site and progressively fund the construction work.

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