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Mixed Use Development Site – Sydney

Mixed Use Development Site - Sydney

Loan Description

Overview

Refinance existing private lender under SMSF

Amount

$25,000,000

Collateral

First Registered Mortgage, Director Guarantees

Use of Funds

Bridge loan for development application

Term

24 months

LVR

Up to 40% of Collateral Value

Interest Rate

8.75% per annum

Date

23 Feb 2022

Status

Completed

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Size

$25,000,000

Indicative Interest Rate

8.75% per annum

Date

23 Feb 2022

Status

Completed