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 part of the Heritage Place Estate with a planning permit for the development of 183 residential lots and 2 superlots. Stage 7 (16 Lots) is complete with settlements taking place. The development of Stages 8 and 9 are currently underway and will comprise 40 allotments.
| Maximum Loan Amount: | $11,784,000.00 |
|---|---|
| Interest Rate: | 9.25% p.a. (Variable) |
| LVR: | 62.50% |
| Maturity Date: | 08 March 2026 |
| Approved Term: | 36 months |
| 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.