Lilydale, VIC

Funding to assist with the construction of six townhouses.

Project overview

The project entailed the construction of six townhouses in the residential suburb of Lilydale, Victoria.

Thirty-four kilometres northeast of Melbourne CBD, Lilydale is situated in the gateway of Yarra Valley and loved by locals for its relaxed feel. The development is a ten-minute walk to Lilydale train station and surrounded by local supermarkets and schools.

Each townhouse provides residents with a clever combination of space, light and style. The architect-designed plan includes gloss cabinetry, stone benches and stainless-steel appliances enclosed within a combination of brick, timber and rendered external finishes. Set over two levels, the large upstairs living area adjoins a private balcony. This allows for two ensuite bedrooms with walk-in wardrobes and filtered tree top and Dandenong views.

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Loan specifics

LOAN AMOUNTJust over $2 million
LOAN TERM12 months
REPAYMENT SOURCESale of completed townhouses
LOAN-TO-VALUATION RATIO65.11% on an "as-if-complete" basis

Borrower overview

The borrower has over twenty years of experience in building and construction development, focusing on a small geographic radius including Lilydale and immediate bordering suburbs. Over the last twelve years, the borrower has completed residential projects in Lilydale every eighteen to twenty-four months which has led to a strong business model. The borrower focuses on ‘infill’ projects that look to secure a site via a local agent, obtain planning to demolish existing dwelling and construct between four to six townhouses, before selling the properties through the existing real estate agent.

 

Trilogy in Victoria

For over 20 years, Trilogy’s managed funds and private investors have enabled the successful completion of projects across the eastern seaboard of Australia. Since appointing a dedicated Senior Portfolio Manager in Melbourne, Trilogy has experienced strong deal enquiry and from July 2019 to June 2020, 15 deals were settled throughout Victoria.

Lilydale Victoria Exterior | Trilogy Funds Australia
Lilydale Victoria Interior | Trilogy Funds Australia
Lilydale Victoria Bathroom | Trilogy Funds Australia