Toongabbie Road Toongabbie NSW Trust

Executive Summary

  • Loan Amount: $1,290,000.00
  • Loan Type: Bridging Loan
  • LVR: 60%
  • Date of Settlement: 16/10/2020
  • Mature date: 15/04/2021
  • Actual Expired Date: 15/04/2021
  • Loan/Investment Term: 6 months
  • Investor Return: 7.00%
  • The Loan is secured by a first registered mortgage over 27-29 Toongabbie Rd, Toongabbie NSW.The site currently consists of 2 x residential dwellings. As part of the DA application the demolition of these structures will occur and erection of 20 residential apartments will commence. The total site area is approx. 1,300sqm. A revised DA was lodged with council in August 2020 with final approval expected within the next 3-6 months.
  • Property is zoned R4 High Density Residential

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