Our next investment is now live at this link. The latest investment opportunity is a residential unit in the upper north shore of Sydney in the suburb of Asquith.
This loan is secured by a first ranking registered mortgage over a brand new apartment in a recently completed 47-unit project. It is a 3-bedroom, 2-bathroom apartment of 95sqm (internal area) plus a 22sqm balcony and a two basement car spaces.
The loan is advanced at an LVR of 57.78% against a fresh valuation which shows a $30,000 premium to purchase price and thus, allows for a fall in value of approximately 40% for the property to be worth less than the loan.
Investors will have interest paid to them on a monthly basis at a rate of 7.9% per annum.
The loan has been fully vetted and settles in mid-November. It will run for a term of 12 months.
Please let us know if you have any queries.