Dora Creek
Benchmark provided a residual stock facility secured against 97 titled lots in stage one of a three stage landsubdivision project being undertaken by a highly experienced developer. The Borrower will use the facility term to sell the lots during 2025/26.
At a glance
Location
Dora Creek, NSW
Property Description
97 titled lots ranging from 300m² – 740m² located over 6.14 ha in stage 1.
Security
First registered mortgage, General Security Agreement over the Borrower and Personal Guarantees.
Total Loan Facility
$23,977,000
LVR
65%
Exit
Lot sale proceeds
