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Proposed Settlement Date: | 15th July 2008 | ||
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Distribution Rate: | 10.00% per annum net payable to you | ||
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Loan Amount: | $1,465,000.00 | ||
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Type of Security: | First Registered Mortgage over real property situate 189-205 Moreton Terrace, Beachmere, Queensland, including existing dwelling. | ||
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Purpose of Loan : | Redevelopment of coastal site into 6 lot development of approximately ¼ acre per lot, with one lot containing existing dwelling. Each lot featuring uninhibited ocean views of Deception Bay, close proximity to the beach and approximately 88kms from Brisbane CBD. |
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Loan Term : | Ten (10) months | ||
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Loan to Value Ratio: | 78.00% | ||
