Rooding Street Brighton Vic No.2 Trust

Executive Summary

  • Loan Amount: $5,800,000
  • Loan Type: Construction Loan
  • LVR: 69%
  • Date of Settlement: 17/06/2020
  • Expiry/Repayment Date: 16/10/2021
  • Loan/Investment Term: 16 months
  • Investor Return: 7.60%
  • The Loan is secured by a first registered mortgage over 15 Rooding Street, Brighton, VIC, 3186 which is physically located within the Municipality of Bayside, in the area known as Brighton, the land is situated on the northern side of Rooding Street, as shown on the locality map below. Funds were used to assist the refinance of existing construction loan.
  • The property forms part of the fully established and select locality of Brighton, well recognised as Melbourne’s premier bayside suburb. The immediate area is mixed use comprising residential, retail, office and medical. Immediately to the north is a traditional residential area, comprising predominantly good quality and substantial older style dwellings, most occupying a comparatively large land content, together with an ever-increasing number of new luxury residences and townhouses and to a lesser extent, apartments.

For more information?
Click here to apply for being an investor

If you have not yet applied to become an Austar investor,
you can apply online now and you will probably be able to complete your application in a few minutes.