Mervyn Street Doncaster VIC

Executive Summary

  • Loan Amount:$2,620,000
  • Loan Type: Construction
  • LVR: 65%
  • Date of Settlement: 03/08/2022
  • Expiry/Repayment Date: 03/05/2023 -03/08/2023
  • Loan/Investment Term: 9-12 months
  • Investor Return: 7.00%
  • To assist with funding of the construction works for 3 x two-storey houses. ($1.42m).&Refinance of the existing mortgage ($1.20m).
  • The Borrower has an acceptable track record in property development, having undertaken and delivered one project previously.

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