Tullimbar Road Cronulla NSW

Executive Summary

  • Loan Amount: $2,275,000
  • Loan Type: Bridging Loan
  • LVR: 65%
  • Date of Settlement: 12/11/2021
  • Expiry/Repayment Date: 12/05/2022
  • Loan/Investment Term: 6 months
  • Investor Return: 6.5%
  • Security property comprises a corner residential vacant land lot of 580sqm in Cronulla NSW.
  • Borrowers’ intention is to obtain a development approval for 5 whole floor apartments over the property.

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