- Loan Amount: $1,000,000
- Loan Type: Bridging Loan
- LVR: 68.97%
- Date of Settlement: 03/12/2021
- Actual Expired Date02/12/2022
- Loan/Investment Term: 12 months
- Investor Return: 6.90%
- The current funding request is to assist with the acquisition of the subject property, a future residential development site. The property is rural residential land, zoned general residential, comprising a total area of approx. 4.89 hectares.
- The Borrower appears to have acceptable track record in investment & property development; having undertaken and delivered various ventures and projects.