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.
Fully Funded
Sydney
|
New South Wales

Ashfield

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.

Project Details
S$ 4.10 M
Funds Invested
6.25% - 7.75%
Nett Interest Rate Per Annum
12
Tenure (Months)
Monthly
Repayment Scheme
February 6, 2024
Loan Start Date
February 5, 2025
Loan End Date

Project Description

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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The Security Property is located within the Gladesville suburb, approximately 12km from Sydney CBD. Gladesville is a sort-after suburb for high-income families, with a target product mix of luxury terraces of four bedrooms, four bathrooms and additional living areas reflecting this.

Gladesville

The Security Property is located within the Gladesville suburb, approximately 12km from Sydney CBD. Gladesville is a sort-after suburb for high-income families, with a target product mix of luxury terraces of four bedrooms, four bathrooms and additional living areas reflecting this.
5.7 - 6.08%
nett p.a.
|
6
months
The subject is located within the Civic Core of the Melbourne CBD in the City of Melbourne LGA, home to famed alleyways and arcades and its distinct blend of contemporary and Victorian architecture. Flinders Lane, specifically, is primarily characterised by low and mid-rise heritage buildings, with retail uses to the ground floor and upper-level offices.

William St

The subject is located within the Civic Core of the Melbourne CBD in the City of Melbourne LGA, home to famed alleyways and arcades and its distinct blend of contemporary and Victorian architecture. Flinders Lane, specifically, is primarily characterised by low and mid-rise heritage buildings, with retail uses to the ground floor and upper-level offices.
6.1 - 6.5%
nett p.a.
|
12
months
The property is in Nerang Broadbeach Road, Carrara QLD. Carrara is predominately a residential suburb approximately 5 kilometres south-west of central Surfers Paradise and approximately 6 kilometres north of the Southport Central Business District (CBD).

Nerang

The property is in Nerang Broadbeach Road, Carrara QLD. Carrara is predominately a residential suburb approximately 5 kilometres south-west of central Surfers Paradise and approximately 6 kilometres north of the Southport Central Business District (CBD).
6.1 - 6.6%
nett p.a.
|
12
months
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