Investment Property Purchase- Bentleigh East, VIC
The Borrowers have backgrounds in property investment and property flipping in Bayside suburbs of Melbourne.
The purpose of this direct investment opportunity is to complete the purchase of an investment property in Bentleigh East, Victoria.
The Borrowers can’t get bank finance as this is a short-term loan and is outside of traditional banks’ lending policies.
Security on offer is the residential property in Bentleigh East, a suburb in Melbourne, Victoria. The property is on 765msq land which comes with three bedrooms, one bathroom, separate living and dining area, and a spacious garage.
The exit strategy is to refinance to construction finance.
Details
Security Property Valuation: $1,620,000
Loan Amount: $1,296,000 (First Mortgage)
LVR: 80.00%
Term: 6 months prepaid plus 6 monthly extensions
