Closeburn Ave Prahran VIC Trust

Executive Summary

  • Loan Amount: $1,885,000.00
  • Loan Type: Bridging Loan
  • LVR: 65%
  • Date of Settlement: 24/12/2020
  • Mature date: 23/12/2021
  • Actual Expired Date: 31/03/2021
  • Loan/Investment Term: 12 months
  • Investor Return: 6.80%
  • Funding Request is to assist Borrower with the refinance, sell down and cash out of recently complete 2 luxury dwellings at Prahram VIC.
  • Borrower’s intention is to sell one and then retain other for rental income.

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