Loan case study in Brighton, VIC
Funding to assist with the construction of four apartments.
The project entailed the construction of four apartments in the affluent coastal suburb of Brighton, Victoria, 11 kilometres south-east of Melbourne CBD.
The boutique development is close to the well-known Church Street shops, restaurants, cinema and public transport.
The developer and co-developer have an established track record of high quality developments in the Brighton area that pose great value.
After a successful construction process, the borrower group is due to finance their next project, again, with Trilogy.
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|LOAN AMOUNT||~ $7.5 million|
|LOAN TERM||12 months|
|REPAYMENT SOURCE||Sale of completed apartments|
|LOAN-TO-VALUATION RATIO||65.35% on an "as-if-complete" basis|