Richmond, Melbourne
Interest rate
LVR
Loan Term
Total Loan
7.5% p.a.
65%
12 months
$12,415,000
Funding was provided to assist with the purchase of the property and allow the borrower to obtain planning approvals. Located in the inner-city suburb of Richmond and adjacent to the Cremorne office precinct, the borrower was seeking approval for a substantial 13 level mixed use development on the site.
Winterfields - Delacombe, Victoria
Interest rate
LVR
Loan Term
Total Loan
Security
7.75% p.a.
70%
12 months
$13,323,134
Residential land subdivision
Funding was provided to refinance an existing facility on the land and undertake a residential land subdivision. Located in the Winterfield estate, within the Ballarat urban area, the development comprises 8 stages. The borrower was an experienced developer of similar large-scale residential subdivisions throughout Melbourne and regional Victoria.
Cranbourne, Melbourne
Interest rate
LVR
Loan Term
Total Loan
Security
8.5% p.a.
46%
15 months
$2,532,000
Land for commercial premises
Funding was provided to refinance an existing facility on the land and undertake the construction of a commercial development consisting of a new childcare facility and pad site for a proposed gym. The borrower was an experienced developer and operator of childcare facilities throughout the eastern suburbs of Melbourne.
Southbank, Melbourne
Interest rate
LVR
Loan Term
Total Loan
Security
8.25% p.a.
65%
12 months
$9,486,750
Land & Residential Property
Funding was provided to the borrower to refinance the main security property. Located with the Southbank precinct of Melbourne and within the ‘Capital City’ zoning, the property had a permit for a significant mixed use, high density development. The borrower was a highly experienced developer with significant activities in Australia and offshore.
* Interest rates are paid net to investors and paid monthly
