315 Residential lot subdivision in Newborough

Vacant Land - Residential Subdivision (Regional)

This security property is situated in Newborough approximately 150 km east of Melbourne’s Central Business District with an Urban Growth Zoning.

The security property comprises 30.145 ha of developable land. Subdivision Plan shows a yield of 315 residential allotments across 11 stages with an average size of 612. Stage 1 (comprising 58 lots) is completed with settlement taking place plus remaining lots on the market for sale.

Borrower commenced subdivision works in relation to Stage 2 (comprising 37 lots) & 3 (comprising 31 lots).

Maximum Loan Amount:$18,625,000.00
Interest Rate:10.00% p.a. (Variable)
LVR:60.00%
Maturity Date:04 August 2028
Approved Term:36 Months
Reference Number:3021

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/investment/ 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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