Burns Bay Rd Lane Cove NSW Trust

Executive Summary

  • Loan Amount: $1,320,0000
  • Loan Type: Bridging Loan
  • LVR: 60%
  • Date of Settlement: 23/09/2020
  • Expiry/Repayment Date: 22/09/2021
  • Loan/Investment Term: 12 months
  • Investor Return: 7.10%
  • The Loan is secured by a first registered mortgage over commercial vacant hardstand land at 235 Burns Bay Rd, Lane Cove NSW on a total site area of 697sqm.
  • Property is zoned B1 with Borrower anticipating to obtain a DA for a mixed use development of shop top housing.

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