|Interest rate net to investor:||7.75%pa paid monthly|
|LVR:||70% (net GST)|
|Loan Term:||12 months (minimum 9 months)|
|Security:||Residential land subdivision in Delacombe VIC|
Winterfields residential land subdivision located in Delacombe Victoria, which is a short 8 minute drive to the town centre of Ballarat. The subdivision comprises 8 stages, with stage 1 (80 lots) already completed, sold and settled.
The borrower, is a well known and experienced property development group, they are seeking funding to settle the land on part of the the remaining stages and also construction funding to complete required civil works.
The group have an established borrowing history with ARK, and are highly experienced developers. They have completed numerous land subdivision projects throughout Victoria including, Greenvale, Rockbank and Bundoora.