Orchard Crescent Mont Albert North Trust

Executive Summary

  • Loan Amount: $2,600,000
  • Loan Type: Bridging Loan
  • LVR: 65%
  • Date of Settlement: 06/03/2020
  • Mature date: 05/03/2021
  • Actual Expired Date: 25/02/2021
  • Loan/Investment Term: 12 months
  • Investor Return: 7.60%
  • The Loan is secured by a first registered mortgage over a 2,403sqm residential development site in Mont Albert North, Victoria, approximately 18kms Eastern of the Melbourne CBD.
  • Funds were used to assist the settlement of the security property purchase.

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