183 Residential allotment development in Morwell

Vacant Land - Pre Development

This Security Property is situated in the Latrobe Valley in the town of Morwell approximately 152 km south east of Melbourne with a General Residential Zoning.

The Security Property comprises 18.23 hectares of land which comprises part of the Heritage Place Estate with a planning permit for the development of 8 stages comprising 183 residential lots and 2 superlots. At present 128 residential allotments have been completed and settled which was undertaken before the borrower purchased this parcel.

Maximum Loan Amount:$13,148,000.00
Interest Rate:10.00% p.a. (Variable)
Maturity Date:8 March 2026
Reference Number:3117

You should first read and consider the PDS (1 February 2023) and SPDS (1 March 2024) and TMD for the RMBL Mortgage Income Investments Fund available at www.rmbl.com.au/invest and consider whether the Fund meets your needs as well as the specific Supplementary PDS for any Loan(s) you wish to invest in. Investment in a specific Loan is subject to availability. Funds for investment can only be accepted by completing the Investment Application and consent is required for investment into a specific Loan.

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