Finished date 26/03/2022
The Loan is secured by the first registered mortgage over the property in Holland Park QLD 4121, general security as well as corporate and personal guarantees.
The Security Property is located in the Holland Park suburb and the Site Area is 2,820m2. As per the Brisbane City Planning Scheme map, it shows the property to be currently zoned ‘Low-Density Residential’. The subject property is located within the established residential suburb of Holland Park approximately 11 KM by road south-east of the Brisbane CBD and approximately 22 Km by road south of the Brisbane Airport. The Immediate area is generally characterized by low-density detached residential dwellings with retail amenity in close proximity along Logan Road. Significant landmarks located within the general area include the M3 freeway, Greenslopes Private Hospital, Westfield Carindale shopping centre and Griffith University Mount Gravatt Campus. Seville Road State School, Holland Park State School and Cavendish Road State School are situated in close proximity to the property which may appeal to prospective purchasers.
Purpose of the loan: Assisting with the refinance of the current debtor’s Loan.
Interest payment: Monthly interest is payable each month in arrears.
Repayment of the loan: After 6 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 | 26/03/2021 |
| Repaid date | 26/03/2022 |
| Original term | 12 months |
| Loan to Value Ratio | 45% |
