Burke Road, Glen Iris VIC

Executive Summary

  • Loan Amount: $2,250,000.00
  • Loan Type: Bridging Loan
  • LVR: 60.00%
  • Date of Settlement: 24/12/2020
  • Expiry/Repayment Date: 23/06/2021
  • Loan/Investment Term: 6 months
  • Investor Return: 7.00%
  • Funding proposal is to assist with refinancing existing expiring debt facilities held over the future development property at 221 Burke Rd, Glen Iris VIC Glen Iris.
  • The security property is occupied by a single residential dwelling with DA for 11 apartments (6×3 and 5×2) and 16 car spaces over 2 levels with associated basement parking.

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