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  2. GREENWICH, SYDNEY

GREENWICH, SYDNEY

Interest rate:   7%pa

LVR:   50%

Loan Term:   12 months

Total Loan:   $9,00,000

Security:   Residential Land

First mortgage investment to fund the purchase of two properties that would assist the borrower in obtaining planning approval for 40 high-end over 55s residential apartments. An accomplished developer in their own right, the borrower’s parent company is also a respected and experienced real estate fund manager, with the two firms ingrained in the property industry for many years. Close to Sydney Harbour and the city, the prime location of these Lower North Shore favoured well for the investment.