Glen Iris Site Acquisition
Loan Description
Overview
Settlement of a block of land in Glen Iris with intended development of luxury apartments
Amount
$1,400,000
Collateral
1st Registered Mortgage, GSA Borrower Entity, Director guarantees
Use of Funds
Settlement of property
Term
12 months
LVR
Up to 60% of Valuation
Interest Rate
10.75% per annum
Date
06 Dec 2018
Status
Completed
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Size
$1,400,000
Indicative Interest Rate
10.75% per annum
Date
06 Dec 2018
Status
Completed