Melbourne Outer Metro : Vacant Land

 

Loan is secured by a first registered mortgage over a commercial land in Cardinia (VIC) spanning 29.54 hectares.

•Return 9.25% p.a. net

•Funded March 2021

•Loan to Valuation Ratio 65%

•Property Value $3,200,000

•Loan Amount $1,950,000

•Term 12 months.

•Interest only pre-paid for 12 months.

•Exit through sale of asset with secured executed sale contract held by Archer.

Why Archer Wealth?

The client was seeking to refinance his loan from previous private lender due to term maturity