01 3月 Park Ridge, QLD
Residential development Site at Queensland suburb
Term: 1 year
Loan Purpose: Land Finance
Facility Type: First mortgage
Loan to Value Ratio: Current under 43.9%,
贷款是一级抵押贷款，由位于Logan 市议会的土地担保。Beenleigh 中央商务区位于东南约 18 公里处，布里斯班中央商务区位于北约 30 公里处。目前的分区是“环境管理和保护”、“混合用途”和“娱乐和开放空间”。抵押物业的最佳用途是住宅或混合用途开发。规划包括Master-planned subdivision和住宅。
商店：Park Ridge 市中心和Marsden公园购物中心都在合理的范围内。
标的物业“AS IS”的销售期约为 2-4 个月（可能延长结算期长达约 6-12 个月），任何抵押权人或强制出售/出售期的压力都可能导致价格显着降低以实现我们的估值。
在接管下，通常会出现一些诉讼或来自包括前股东或其他融资人在内的各方的干涉。我们向接收方提供的资金是任何抵押权人或担保人的超级优先事项。所以我们的本金和利益得到了很好的保护。但是，诉讼或其他干扰可能需要更长的时间才能解决。我们将贷款期限安排为长达 36 个月，足以解决任何诉讼。
The loan is a first mortgage, secured by land located in the Logan City Council. Beenleigh CBD is circa 18 kilometres to the south-east, and Brisbane CBD is circa 30 kilometres to the north. The Current Zoning are “Environmental Management and Conservation”, “Mixed Use” and “Recreation and Open Space”. The highest and best use of the subject properties is residential or mixed-use development. The subject sites has plannings including Master-planned subdivision and dwellings.
Transport: Bus and train services within reasonable proximity.
Schools: Childcare, primary and secondary schools are within reasonable proximity.
Shops: Park Ridge Town Centre and Marsden Park Shopping Centre within reasonable proximity.
The Fund will invest in relation to a first ranking mortgage to Borrower with Security Property. The second mortgagee has appointed the Receiver and the plan is to continue the development under receivership structure, to minimize the transaction cost.
The borrower is a sophisticated investor, specialising in land investment.
Selling period is Circa 2-4 months for the subject property “As Is” (potentially with an extended settlement period of up to circa 6-12 months), and any mortgagee or forced sale/selling period pressure could result in a significantly lower price to our valuation being realised.
We form our own opinion as to the skill level and expertise of the applicant/borrower to deliver the subject property through the remaining or new approval process, construction and to end product settlement plus that we explore the possibility of appointing a suitably qualified external project manager.
Under the receivership it is common to expect some litigations or interference from different parties including former shareholders or other financiers. We fund to the receiver is in the super priority of any mortgagee or caveators. So our principal and interests are well protected. However, litigation or other interference may take longer time to be resolved. we structure the loan term up to 36 months that is long enough to resolve any litigations.
SELECT INVESTMENT OPPORTUNITY
9 % p.a. net
LOAN TO VALUE RATIO
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