property type: Residential
Total Property Value: $6,000,000
Loan Amount: $4,200,000
Priority: 1st mortgage
LVR: 70.00%
Note Interest Rate: 8.05% p.a.
Term (Months): 11
Term Remaining (Months): 11
Postcode: 2754
Use of Funds: Property related expense
Minimum Investment Amount: For more details click here to set up an account
Why do we like this loan?
Although we only valued the property as a Lifestyle Property, with no consideration for the equine facilities and capabilities, it is a beautifully-maintained and substantial piece of real estate in an area where sub $10 million lifestyle properties remain hot property.
Primary Property Value: $6,000,000
Property Details
Doran Park is a highly improved equine training facility with vast improvements including a Homestead with triple lock up garage, large stable shed, with aqua and motorised walker, undercover round yard, hay shed, smaller stables, storage shed and a large number of horse shelters located within the horse holding yards but it has been valued only as a lifestyle property with no additional value given to the equine facilities.
Loan Details
For the accquisition of the security property.
