Modbury SA 5092: Site acquisition for development purposes.
Investment Details:
| RETURN* (P.A NET) | LOAN TO VALUE RATIO | TERM TO RUN (MTHS) |
| 7.25% | 70% | 12 |
| ESTIMATED MARKET VALUE | GROSS LOAN ADVANCED | TERM INTEREST PREPAID (MTHS) |
| $640,000 | $448,000 | 12 |
Security Type
The Loan is secured by first registered mortgage over residential land and home in Modbury (SA), an established residential suburb situated 14 radial kilometers north east from the Adelaide GPO .Property Land size 986m2 comprising 3 bedroom, 1 bathroom with 2 car spaces.
Loan Purpose
The borrower is buying this property due to its development potential.
Repayment Strategy
Refinance to La Trobe in 6 months time once the site is ready for construction.
Borrower Background
The borrowers are full time salaried employees but have development experience with this size and type of asset.
Why Archer Wealth?
Short time frame to purchase the land at a discount.
Gee is the founder of Archer Wealth and has been the Managing Director of the company since its inception. Gee has extensive experience working and dealing with high net worth clients. Archer Wealth is a dream Gee had to be able to provide finance to people who banks didn’t want to help. Gee’s goal is to grow Archer Wealth and significantly change the way businesses across Australia access capital. He is responsible for the daily management of the company.
