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Mezzanine Debt Funding for the construction of 24 Torrens Titled Townhouses in Middleton Grange NSW

Categories Fixed Income, Property
Sale Type Asking Price
Price Guide AUD Target raise A$1.1M (A$500k already raised)
Status: Closed

Summary:


PrimaryMarkets in partnership with VentureCrowd is seeking interested parties in mezzanine debt funding for the construction of 24 Torrens Titled Townhouses in Middleton Grange NSW:

  • Development approved project with construction commencing early 2019
  • Project completion expected in 18 months after start
  • Loan repayment will be by sale of the townhouses at completion
  • Mezzanine loan
  • No entry or exit fees
  • Targeted return of 20% p.a.
  • Interest paid quarterly
  • Secured by registered second mortgage, and directors' personal guarantees
  • Minimum loan term of 12 months
  • Total loan amount of $1,100,000
  • Loan to Value Ratio (LVR) = 67.5% based on land contract price A$5,700,000

 

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