Braeside — Springvale Road

Braeside — Springvale Road financing project
Braeside — Springvale Road

Overview

The secured asset for this financing project is located at Springvale Road, Braeside. The facility amount is A$2.64 million, with a short 4-month term and a fixed interest rate of 9.55% per annum.

The facility is supported by a first-ranking mortgage together with personal guarantees. The approved LVR was 60%, with interest payable monthly. The transaction represents a short-duration financing structure with clearly documented mortgage security, guarantee arrangements and interest payment terms.

Key terms

  1. 01

    A$2.64 million

  2. 02

    4 months

  3. 03

    9.55% p.a.

  4. 04

    First-ranking mortgage

  5. 05

    Personal guarantees

  6. 06

    60% LVR

  7. 07

    Monthly interest

A$2.64m

Facility size

9.55% p.a.

Pricing

4 months

Term

Documented security

First mortgage; personal guarantees; approved LVR 60%; interest paid monthly

VERITAS HORIZON

Eligibility

Participation is subject to investor eligibility, completion of due diligence, applicable regulatory and tax considerations, and transaction-specific legal documentation.

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