San Remo Ave Gymea NSW Trust

Executive Summary

  • Loan Amount: $2,090,000
  • Loan Type: Construction loan
  • LVR: 61%
  • Date of Settlement: 30/08/2021
  • Expiry/Repayment Date: 30/10/2022 – 30/01/2023
  • Loan/Investment Term: 14-17 months
  • Investor Return: 6.75%
  • Borrower have obtained DA since acquisition and will be owner builders.
  • Property has been valued at $1,550,000 by Diamonds Valuers on the 10/06/2021.
  • Property has been valued at $3,420,000 As if Complete (inc. GST) by Diamonds Valuers on the 10/06/2021.
  • The Loan has been approved by the Manager as complying with the Trust’s investment criteria.

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