This Security Property is situated in the outer seaside area of Rosebud on the Mornington Peninsula approximately 74 km south of the centre of Melbourne with a General Residential Zoning under the Mornington Peninsula Planning scheme.
The Security Property comprises 27,060 square metres of land. A Planning Permit was issue on the 20th of December 2021 for the subdivision into 30 lots. The borrower is proposing changing the Permit into 42 lots/townhouses.
| Maximum Loan Amount: | $6,270,000.00 |
|---|---|
| Interest Rate: | 9.50% p.a. (variable) |
| LVR: | 60.00% |
| Maturity Date: | 3 years from the commencement date |
| Approved Term: | 36 months |
| Reference Number: | 3083 |
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.