property type: Residential/Commercial
Total Property Value: $1,700,000
Loan Amount: $1,100,000
Priority: 1st mortgage
LVR: 64.70%
Note Interest Rate: 5.20% p.a.
Term (Months): 12
Term Remaining (Months): 10
Postcode: 4059
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?
This property is a flexible residential/commercial premises in a popular suburb of Brisbane and offers low -LVR exposure with pre-paid interest held on account to cover investor notes.
Primary Property Value: $1,700,000
Property Details
The security is a commercial premises in Red Hill, a popular inner city suburb with a mix of character housing and modern accommodation with low key commercial/retail activity. The complex has a good frontage to the busy connector road (Musgrave Road) and has frontage to Mannion St, a small dead-end street that provides access to parking at the rear of the lot. The land falls away from its Musgrave Road frontage and the building is high-set at the rear.
Loan Details
Additional cash flow for the completion of development projects.
