(these photos are for reference purpose only and are intended to showcase the quality of finishing and the location)
| Borrower(s) | Australian Corporate Entity (Details withheld for privacy) |
| Guarantor(s) | Director/s (Details withheld for privacy) |
| Loan purpose | Refinance of existing loan |
| Loan amount | $2,975,000.00 |
| Available investment amounts | $0 |
| LVR | 47.98% |
| Loan term | 12 months (subject to actual repayment date of the loan) Settled on 31 Oct 2024 |
| Target Return | 7.75% p.a. variable |
| Interest distribution | Monthly |
| Security |
The security is a large residential development site located approximately 12 kilometres south of Newcastle CBD and around 150 kilometres north of Sydney. The property comprises a substantial landholding with development approval in place for a multi-lot residential subdivision. Independent valuation has been undertaken by a third-party valuer to confirm the “as-is” market value of the security. Additional security includes personal guarantees from the guarantor together with supporting guarantees from related entities within the borrower structure. |
| Exit Strategies |
Sale of subdivided lots or refinance of residual stock |
| Risk control |
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This document does not purport to contain all of the information that prospective investors may require to evaluate this investment opportunity, and it does not take into account the investment objectives, financial situation or particular needs of any prospective investor. Before making an investment decision, prospective investors should consider, with or without the assistance of a professional adviser, whether an investment in this mortgage is appropriate considering their particular investment needs, objectives and financial circumstances. Prospective investors should conduct their own independent review, investigation and analysis of the Borrower and the Security being offered and obtain any professional advice they require to evaluate the merits and risks of the investment in the Company before making any decision.