Barwon secures residual stock in South Perth, WA, with the security of first-ranking mortgage

October 27, 2020 / Property Finance

Barwon secures residual stock in South Perth, WA, with the security of first-ranking mortgage

Barwon is pleased to announce that it has secured a residual stock debt investment with the security of first ranking mortgages. The investment secured is a fully completed and titled nine-storey building comprising 27 residential apartments, 14 commercial units and 98 car spaces. This boutique development is located in South Perth, Western Australia and was built by a leading Australian developer.

Barwon Investment Partners holds no construction risk in this investment which has an anticipated term of up to 18 months and a minimum return equivalent of 6 months fully drawn.

 

For more information, get in touch with:

 

Peter Conners

Co-Head of Property, Partner

 

Peter.Conners@barwon.net.au

Jonathon Pullin

Head of Property Finance, Partner

 

Jonathon.Pullin@barwon.net.au

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