BOX HILL, VIC

规划中高密度发展的土地

周期：12个月
贷款目的：土地贷款
贷款类型：一级抵押
估值：$11,000,000
贷款估值比率：70%

Land with planning for a medium or high-density development

Term: 12 mths
Loan Purpose: Land Finance
Facility Type: First mortgage
Valuation: $11,000,000
Loan to Value Ratio 70%

SELECT INVESTMENT OPPORTUNITY

Target Return

8.2 % p.a. net

LOAN TO VALUE RATIO

70%

TERM

12 months

Completed

尽职调查:

本贷款以 Box Hill 中心一块土地的一级抵押贷款为担保。贷款的目的是土地融资。

项目开发用地是一块 1,004 平方米的宽矩形内部用地，面向Prospect街南侧。公共交通服务包括墨尔本大都会火车网络上的 Box Hill 火车站，以及数个本地巴士服务点。 Box Hill 是墨尔本东部的一个郊区，是一个主要的活动中心。它横跨墨尔本中央商务区以东 19 至 23 公里的区域，可通过东部高速公路（和Elgar路）驾车抵达。

抵押物业目前空置，并受益于规划许可申请 (WH/2020/83)，该申请旨在“建造一座 25 层高的混合用途建筑，具有五层地下室，将土地用于受限的娱乐设施（体育馆和健身中心）、集会场所（功能中心）、酒类的销售和消费（餐厅和咖啡厅许可证）以及减少停车位”。

借款人是一家主要银行的资深投资者和股东。

  • 本贷款有70%的贷款估值比。
  • 本贷款由借款人的一级注册一般担保协议支持和借款人董事的个人担保。
  • 贷款期限为 12 个月，预计贷款到期日为 2022 年 9 月。

Due diligence

The Loan is secured by a first registered mortgage over a land site at the center of Box Hill. The purpose of the Loan was for land finance.

The subject development site is a 1,004 sqm broadly rectangular-shaped internal site fronting the south side of Prospect Street. Public transport services include Box Hill train station on the Melbourne metropolitan train network and which several local bus services radiate from. Box Hill is an eastern Melbourne suburb incorporating a major activity centre. It spans an area generally between 19 and 23 kilometres east of Melbourne’s CBD, accessed vehicularly via the Eastern Freeway (and Elgar Road).

The Security Property is currently vacant and benefits from a planning permit application (WH/2020/83) made for the “Construction of a 25 storey mixed use building with five basement levels, use of land for the purposes of, restricted recreation facility (gymnasium and fitness centre), place of assembly (function centre), sale and consumption of liquor (restaurant and café licence) and car parking reduction”.

The Borrower is a sophisticated Investor and shareholder of one of the major banks.

  • The Loan is advanced at a Loan to Value Ratio of 70%.
  • The Loan is supported by First Ranking Registered General Security Agreement over the Borrower; and Personal Guarantees from the directors of the Borrower.
  • The Loan Term is 12 months, Estimate Loan Maturity date is September 2022.