Investment Overview:

The borrower is offering two (2) properties as security which are summarised as follows: 

Rutherford, NSW:

The security property comprises two adjoining vacant development sites. The lots currently have a pending development application DA/2024/249 submitted on 28 March 2024 for ’22 lot Community Title Subdivision and Construction of 21 Dwelling Houses’.​ Vacant and irregularly shaped allotments.

• • Development site 1 has a site area of 5,671sqm
  • Development site 2 has a site area of 3,658sqm 
  • The property is Zoned R1 – General Residential 
  • The Local Authority is the City of Maitland.
  • The proposed use is a residential development site and the purchaser has provided concept plans.
  • The property is located circa 3km from Maitland, 38kw from Newcastle & 177km from the Sydney CBD Vacy, NSW

Vacy, NSW: 

The second security property is a single-storey clad and metal-roof dwelling built in 2023. 

Features include: 

• • Modern functional layout, modern condition internal and external
  • 5-bedrooms, 3-bathrooms
  • Double garage
  • 4 x 22,000 water tanks
  • Land area of 23,370 square metres
  • Zoned R5 – Large Lot Residential
  • Local Government Authority (LGA) is Dungog Shire Council
  • The subject property is located circa 26km from Maitland, 59kw from Newcastle & 197km from the Sydney CBD
    

On behalf of the Fund, the Trustee will enter into the following documents relating to the Loan: 

• • A loan Agreement with the Borrower. First-ranking registered mortgage granted by the Borrower over properties located in Rutherford NSW and Vacy NSW.
  • A general Security Agreement over the assets and undertaking of the Borrower.
  • A personal and unlimited guarantee provided by the director of the Borrowing Company.

 

You can begin building your first mortgage investment portfolio today by investing in a first mortgage investment loan with Credit Connect Group (CCG). CCG is not responsible for the accuracy of information or images related to investments on our website.  Complete and final information on each specific investment opportunity is presented to our Investors via a Supplementary Information Memorandum (SIM). The detailed SIM is exclusively available to Investors registered with CCG.  To register and receive a copy of the SIM, please contact us via the enquiry form below, email us on [email protected] or phone 1300 795 507 to speak with our investment team.