The Proposed Development is located in Asquith, a predominantly residential suburb in Sydney’s Upper North Shore which is located approximately 26 kilometres north-west of the Sydney CBD. The surrounding development comprises a mix of detached and semi-detached houses of varying vintages, and modern medium rise residential flat buildings.
Asquith train station and the Asquith retail strip, which includes a Coles supermarket, are located about 300 metres away. Westfield Hornsby is located within 2.5 kilometres while the Hornsby Hospital is approximately three kilometres away.
Education facilities are located in close proximity, including St Patrick’s School, Asquith Girls High School, Asquith Public School, Asquith Boys High School, Hornsby North Public School, Mount Colah Public School and Hornsby Heights Public School. The development comprises of 27 residential units above a two-level basement car park
| Interest rate(p.a.) | 9.25% |
| Loan to value ratio (max.) | 65.87 % |
| Loan start date | 22 April 2024 |
| Expected completion date | 22 September 2024 |
| Initial debt coverage ratio | 0.00% |
| Updated debt coverage ratio | 33.38% |
| Undrawn loan amount | $2,044,000.00 |
