Mandara Rise Cannonvale QLD

Executive Summary

  • Loan Amount: $3,805,000
  • Loan Type: Construction Land Subdivision
  • LVR: 59.47%
  • Date of Settlement: 3/ 06 /2022
  • Expiry/Repayment Date:3 /09/ 2023 – 13 /12/ 2023
  • Loan/Investment Term: 15 -18 months
  • Investor Return: 7.00%
  • To fund the subdivision and associated infrastructure works for 39 residential lots and residual lot.
  • The Borrower appears to have an acceptable track record in property development, having undertaken and delivered various projects.

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