property type: residential
Total Property Value: $8,690,000
Loan Amount: $5,480,000
Priority: 1st mortgage
Note Interest Rate: 4.50%
Term (Months): 6
Term Remaining (Months): 4
Use of Funds: Other
Description: To bridge the acquisition of Opera Residence.
Why do we like this loan?
This is a very strong asset but there is also an ancillary Guarantor asset in Vaucluse offering two prime Sydney properties which, when considered together, offer a truer LVR closer to 45%.
Primary Property Value: $6,000,000
2 bed 2 bath property in Circular Quay Sydney, overlooking the Harbour Bridge
The Borrower is a considerable property investor and will refinance with a bank.