Finished date 14/05/2021
The Loan is secured by the first registered mortgage over the land in Park Ridge, general security as well as corporate and personal guarantees.
The site area is 29,830 square meters, and the shape is rectangular. Park Ridge is an established and further developing suburb within the Logan City Council area, being approximately 35 kilometres to the south-east of the Brisbane CBD
Purpose of the loan: Property Settlement.
Project: Land Subdivision.
Interest payment: Monthly interest is payable each month in arrears.
Repayment of the loan: After 4 months, the borrower can repay the whole of the loan amount with 30 days’ written notice.
| Target return rate | 8% p.a. |
| Actual return rate | 8% p.a. |
| Commenced date | 18/02/2020 |
| Repaid date | 14/05/2021 |
| Original term | 12 months |
| Loan to Value Ratio | 60% |
