- 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.