The security property is situated in Deebing Heights, approximately 46 km south-west of Brisbane CBD.
The project forms ‘South Place’ with a Master Planned estate approved to deliver 924 allotments to be developed over 26 stages. Lots ranging in size between 295m² and 1,363m² with an average of 476m².
Stages 1 and 2 have been completed yielding 80 residential allotments with settlements all but complete. Stages 3 - 9 are currently underway and are at various stages of completion.
| Maximum Loan Amount: | $83,835,000.00 |
|---|---|
| Interest Rate: | 9.25% p.a. (Variable) reducing to 9.00% p.a. (Variable) effective 16 June 2025 |
| LVR: | 65.00% |
| Maturity Date: | TBA |
| Approved Term: | 36 months |
| Reference Number: | 2977 |
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.