447 lot residential subdivision in a popular urban-rural setting

Vacant Land - Residential Subdivision (Regional)

The Security Property is situated in Kilmore approximately 73 km north of Melbourne’s Central Business District with a General Residential Zoning under the Mitchell Planning Scheme.

These Security Properties are contained over 3 titles and comprises 53.12 hectares of land. A proposed Planning Permit shows 447 residential lots and a 3.50-hectare government school. The development is marketed as Montana and sits over several titles.

The development has started however we are lending on the AS IS Value.

Maximum Loan Amount:$20,150,000.00
Interest Rate: 9.25% p.a. (variable)
LVR:65.00%
Maturity Date:16 November 2025
Term:-
Reference Number:3030

You should first read and consider the PDS and TMD dated 1 February 2023 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.

Enquire about this investment opportunity