New Residential Development Loan in Brunswick East.

Written By woodbridgecapital

Woodbridge Capital settled a new 1st mortgage (senior secured) loan this week for a residential development in Brunswick East, Melbourne. The loan will fund the construction of a $17M townhouse development with each townhouse offering 4 bedrooms and 3 bathrooms with double car garages.

Woodbridge provided acquisition finance for the borrower last year, and we are pleased to see the borrower commence construction in line with their initial target programme and budgets.

Brunswick East is 5 kms North of the Melbourne CBD and is situated within proximity to retail and transport amenity.

It is Woodbridge’s view that there is a considerable undersupply of quality housing stock, particularly within the inner ring suburbs of our capital cities including where the project is located, making the completed product highly desirable. These factors are only set to be exacerbated as building approvals and commencements continue to trend downwards.

woodbridgecapital https://woodbridgecapital.com.au
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