property type: Residential/Commercial
Total Property Value: $15,000,000
Loan Amount: $7,550,000
Priority: 1st mortgage
LVR: 52.80%
Note Interest Rate: 6.47%
Term (Months): 12
Term Remaining (Months): 4
Postcode: 6164
Use of Funds: Other
Description: Refinance of a commercial loan.
Minimum Investment Amount: For more details click here to set up an account
Why do we like this loan?
This low LVR mortgage is over a highly marketable property, consisting of one of the largest single parcels of land 15 KMs south of Perth CBD, and comes with a Share Mortgage over the shares of a large egg distribution business.
Primary Property Value: $15,000,000
Property Details
The main security property is a large 14-hectare parcel of land in Banjup, WA, with potential for development and subdivision (although this future potential value is not calculated into the as-is value). On the property sits a 600 SQM residence, a local cafe and patisserie, and four modern industrial sheds.
Loan Details
A low LVR bridging Loan pending sale of assets to reduce the debt down to bank serviceability.
