Austar investments
267 Kilmore VIC
Loan Amount:$2,925,000 Loan Type: Bridging LVR: 65% Date of Settlement: 26/09/2022 Expiry/Repayment Date:26/09/2023 Loan/Investment Term: 12 months Investor Return: 8.00% To assist with the acquisition of the land and working capital The Borrower has an acceptable track record in property development, having undertaken and delivered one project previously.
218 Oak Park VIC
Loan Amount: $19,240,000 Loan Type: Construction Loan LVR:60% LTC: 76% Date of Settlement: 28/04/2022 Expiry/Repayment Date: 27/07/2023 – 27/10/2023 Loan/Investment Term: 15 – 18 months Investor Return: 7.00%(8.00% per annum effective from 24/10/2022) Fund construction of 82 x residential apartments. – $9.5m Debt cover held