Mt Cottrell Road Strathtulloh VIC No.2 Trust

Executive Summary

  • Loan Amount: $23,000,000
  • Loan Type: Subdivision Loan
  • LVR: 57%
  • LTC: 63%
  • Date of Settlement: 20/08/2021
  • Expiry/Repayment Date: 20/02/2023 – 20/04/2023
  • Loan/Investment Term: 18 months
  • Investor Return: 7.40%
  • The Loan is secured by a first registered mortgage over 150,000sqm approved residential lot subdivision at Strathtulloh Vic. The property was valued for 1st mortgage security purposes by Diamond’s Property Consultancy on 21st June 2021 at $11,360,000 (excl. GST) current market value as is and $42,643,830 (incl. GST) gross realizable value as if complete after completion of all stages.

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