Adrian Street Cranbourne East VIC Trust

Executive Summary

  • Loan Amount: $3,250,000
  • Loan Type: Bridging Loan
  • LVR: 65%
  • Date of Settlement: 13/09/2021
  • Expiry/Repayment Date: 12/09/2022
  • Loan/Investment Term: 12 months
  • Investor Return: 6.60%
  • The subject securities has been inspected by Quadrant Group Valuers on the 12/07/2021 for first mortgage security purpose. The current value “as is “market value of $5,000,000 ex. GST on comparable and recent sales basis.
  • Property is 20,238sqm of vacant land.Future development site.Permit Approved for 36 residential lot subdivision

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