Recently Funded Commercial Development Loans and Commercial Property Loans

CONSTRUCTION AND DEVELOPMENT

Schofields, NSW

First mortgage funding was approved for refinancing the current debt ($4.1 mil) and providing development funding to assist with constructing 55 townhouses.

Loan Amount: $26,128,000

Gearing: 61% LVR

Term: 23m

Return: 11%

REFINANCE, COMMERCIAL

Caulfield East, VIC

First mortgage funding was provided to assist with the refinance of the existing mortgagee ($3,900,000.00) and provide working capital to the borrower.

Loan Amount: $4,500,000

Gearing: 57% LVR

Term: 12m

Return: 9%

RESIDENTIAL PROPERTY

Castle Hill, NSW

Our private lenders assisted with first mortgage funding for the purchase of two adjoining residential properties with a purchase price of $6,600,000.

Loan Amount: $2,700,000

Gearing: 60% LVR

Term: 12m

Return: 11%

REFINANCE, LAND

Granville, NSW

Our private lenders assisted this borrower in the refinancing of a first mortgage over 6 adjoining parcels of land with a combined land area of 5,147.6 m2.

Loan Amount: $16,000,000

Gearing: 65% LVR

Term: 12m

Return: 9%

REFINANCE, RESIDENTIAL PROPERTY

Point Frederick, NSW

Our peer to peer lenders assisted this borrower in the refinancing of a first mortgage over 2 residential properties located in Point Frederick, a suburb of the Central Coast region of NSW.

Loan Amount: $2,400,000

Gearing: 60% LVR

Term: 12m

Return: 9.75%

CONSTRUCTION AND DEVELOPMENT

Bairnsdale, VIC

Our private lenders assisted this borrower in the development of Stage 1 of a residential land sub-division comprising of 74 allotments.

Loan Amount: $8,495,000

Gearing: 43% LVR

Term: 18m

Return: 14%

REFINANCE, COMMERCIAL

Kangaroo Point, QLD

First mortgage funding was provided to refinance the current lender and to assist with the construction of 144 apartments and ground floor (4) retail tenancies.

Loan Amount: $2,750,000

Gearing: 50% LVR

Term: 6m

Return: 10%

REFINANCE, BUSINESS LOAN

Lilli Pilli, NSW

Our private lenders assisted this borrower with working capital and with the refinancing of a first mortgage over a modern refurbished multi-level waterfront residential dwelling.

Loan Amount: $2,250,000

Gearing: 47% LVR

Term: 24m

Return: 8%

COMMERCIAL PROPERTY

Blacktown, NSW

Our peer to peer lenders assisted this borrower, an experienced developer, with first mortgage funding over a development property with a land area of 4,720m2.

Loan Amount: $10,300,000

Gearing: 49% LVR

Term: 12m

Return: 9%

LAND

Kingscliff, NSW

First mortgage funding was required to assist with the purchase of three adjoining beachfront allotments, located at Kingscliff.

Loan Amount: $1,462,000

Gearing: 65% LVR

Term: 12m

Return: 8.5%

RESIDENTIAL PROPERTY

Wentworthville, NSW

First mortgage funding was required to assist the borrower in purchasing adjoining properties, located at Wentworthville.

Loan Amount: $7,905,000

Gearing: 63% LVR

Term: 12m

Return: 12%

REFINANCE, LAND

Nambour, QLD

First mortgage funding was required to refinance the current mortgagee and to purchase of one of the security properties.

Loan Amount: $1,485,000

Gearing: 60% LVR

Term: 2m

Return: 16%

REFINANCE, LAND

Schofields, NSW

First mortgage funding was required to assist the borrower in refinancing a property and purchase the adjoining property.

Loan Amount: $9,000,000

Gearing: 65% LVR

Term: 12m

Return: 12%

RESIDENTIAL PROPERTY

Southbank, VIC

First mortgage funding was required to assist with the purchase of a residential penthouse apartment, with a purchase price of $2,200,000.

Loan Amount: $1,430,000

Gearing: 65% LVR

Term: 12m

Return: 6%

RESIDENTIAL PROPERTY

Chermside, QLD

First mortgage funding was provided for the purchase of four adjoining properties with a purchase price of $2,500,000.

Loan Amount: $1,250,000

Gearing: 48% LVR

Term: 12m

Return: 9%

COMMERCIAL PROPERTY

Hallam, VIC

First mortgage funding was required for business purposes; to assist in the purchase of a commercial property.

Loan Amount: $340,000

Gearing: 60% LVR

Term: 12m

Return: 7.5%

CONSTRUCTION AND DEVELOPMENT

Strathalbyn, SA

Our private lenders assisted this borrower by providing first mortgage funding, for the development of a residential land sub-division.

Loan Amount: $882,000

Gearing: 52% LVR

Term: 12m

Return: 10.5%

REFINANCE, BUSINESS LOAN

Sydney, NSW

Finance was required to refinance the current lender and to provide working capital to the borrower.

Loan Amount: $2,800,000

Gearing: 66% LVR

Term: 24m

Return: 8%

REFINANCE, DEVELOPMENT

Jacobs Well, QLD

Funding was required to refinance the existing mortgagee and provide working capital to assist with a Town Planning application.

Loan Amount: $1,125,000

Gearing: 50% LVR

Term: 12m

Return: 12%

CONSTRUCTION AND DEVELOPMENT

Bairnsdale, VIC

Our lenders further assisted this borrower in the development of Stage 3 of a residential land sub-division comprising of 59 allotments.

Loan Amount: $11,288,000

Gearing: 58% LVR

Term: 24m

Return: 13%

CONSTRUCTION AND DEVELOPMENT

Magenta Shores, NSW

First mortgage funding was provided to assist with a 19 allotment land sub-division within a master plan beach front residential estate.

Loan Amount: $5,260,000

Gearing: 32% LVR

Term: 18m

Return: 12%

CONSTRUCTION AND DEVELOPMENT

Gidgegannup, WA

Funding was required to assist this borrower, in lodging a plan of sub-division, to sub-divide the property potentially into seven (7) allotments.

Loan Amount: $700,000

Gearing: 44% LVR

Term: 12m

Return: 9%

REFINANCE, DEVELOPMENT

Sale, VIC

Funding was required to refinance the existing mortgage and to develop stage 2 of the Glenhaven Park residential subdivision.

Loan Amount: $6,173,000

Gearing: 67% LVR

Term: 12m

Return: 13%

LAND

Bundoora, VIC

Funding was required to assist with the purchase of a property.

Loan Amount: $3,660,000

Gearing: 48% LVR

Term: 1m

Return: 24%

CONSTRUCTION AND DEVELOPMENT

Spring Farm, NSW

Urgent finance was required for the purchase of property, to provide additional funds to pay the civil contractor for works completed and to pay Council contributions.

Loan Amount: $3,500,000

Gearing: 40% LVR

Term: 2m

Return: 18%

CONSTRUCTION AND DEVELOPMENT

Evans Head, NSW

Funding was approved for the purchase of the subject property and to provide additional working capital to assist in a Development Application (DA) for 182 residential allotments.

Loan Amount: $2,000,000

Gearing: 36% LVR

Term: 12m

Return: 36.4%

COMMERCIAL PROPERTY

Pakenham, VIC

Our private lenders provided this borrower with finance to assist with the purchase of the subject commercial property.

Loan Amount: $1,350,000

Gearing: 60% LVR

Term: 12m

Return: 10.75%

COMMERCIAL PROPERTY

Upper Coomera, QLD

Our private lenders assisted this borrower with finance for the purchase of a commercial property.

Loan Amount: $237,500

Gearing: 65% LVR

Term: 24m

Return: 9%

REFINANCE, BUSINESS LOAN

Salamander Bay, NSW

Funding was required to refinance the existing mortgagee and to acquire working capital to be used for business purposes.

Loan Amount: $365,000

Gearing: 60% LVR

Term: 12m

Return: 9.5%

REFINANCE, BUSINESS LOAN

Greenwood, WA

First mortgage funding was provided to discharge the existing mortgagee and to provide working capital for business purposes.

Loan Amount: $450,000

Gearing: 65% LVR

Term: 12m

Return: 10.5%

REFINANCE, BUSINESS LOAN

Noosaville, QLD

Funding was required to refinance of the current mortgagees and provide the borrower with additional working capital.

Loan Amount: $200,000

Gearing: 40% LVR

Term: 24m

Return: 9.5%

SMALL BUSINESS LOAN

Edmonton, QLD

Our private lenders assisted this borrower by providing working capital for business purposes.

Loan Amount: $360,000

Gearing: 40% LVR

Term: 12m

Return: 9%

SMALL BUSINESS LOAN

Carrara, QLD

First mortgage funding was provided for working capital for business purposes. A brand new townhouse was offered as security, with an original purchase price of $674,900.

Loan Amount: $360,000

Gearing: 40% LVR

Term: 12m

Return: 9%