Ashfield

Location

Ashfield is an established suburb in Sydney’s inner-west situated approximately 8kms south-west of the Sydney CBD, within the Inner West Local Government Area. Ashfield railway station is located approximately 550m east of the Security Property. In addition, public buses operate along Liverpool Road. The security property immediate surrounding development comprises a mix of houses and residential apartment buildings of varying age/condition, retail/commercial buildings, and mixed-use complexes.

Development Project

The proposed development is to consist of a 6-storey lifted residential flat building comprising 74 home units (36 x one bedroom, 36 x two bedrooms, and 2 x three bedrooms) over 2 levels of basement car parking for 91 vehicles. The approved development provides a total Gross Floor Area (GFA) of 5,658m².

Purpose

The Loan is provided to fund the construction of the Development.

Construction Progress

As of October 2023, the construction is about 34.47% complete.

Pre-sales

The project has achieved a net realisable value of $13.81mil, which provides a nett debt coverage of 40.20%.

Exit Strategy

The primary exit strategy is to complete construction of the proposed development, achieve Occupation Certificate, strata titling and commence the sell down of individual units.

Note :

How to earn BUDDY DEAL BONUS?

STEP 1 - Investor must share Referral Code with a friend

STEP 2 - The referee must successfully Sign Up a new BigFundr account from 1 Jan 2024 to 31 Jan 2024

STEP 3 - Both investor and referee must Invest in the Ashfield Note

• Qualified investors will receive email confirmation when the loan commences
• If the investor fails to qualify for the BUDDY DEAL BONUS, he/she is eligible for the base rate only
• BUDDY DEAL BONUS is not applicable during the extension period
• BigFundr reserves the rights to amend or modify the terms of the BUDDY DEAL BONUS at any time, without giving prior notice

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