Gum Nut Kellyville NSW Trust

Executive Summary

  • Loan Amount: $2,925,000
  • Loan Type: Construction Loan
  • LVR: 65%
  • Date of Settlement: 09/04/2021
  • Mature date: 08/01/2022-08/04/2022
  • Actual Expired Date: 07/03/2022
  • Loan/Investment Term: 9 months – 12 months
  • Investor Return: 6.90%
  • The Loan is secured by a first registered mortgage over an irregular shaped land holding of 7,690sqm with a double storey freestanding brick dwelling and mostly cleared vegetation.
  • Austar is confident in their ability as a Borrower and sponsor to manage and deliver this project, given their respective track record and skillset in undertaking similar project. Borrowers have ample development and property experience.

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