Project overview
A recent financing project is “Caba”, a four-storey residential apartment development located in the heart of Cabarita Beach in Northern New South Wales.
Located less than two hours from Brisbane and only moments from the ocean, the idyllic Caba residences strike the perfect balance for local retirees, as well as urban investors seeking a seaside escape without sacrificing proximity to the city.
A joint venture development by Allera and KordaMentha Real Estate, the complex will feature four levels and a single-level basement, including 18 three-bedroom apartments and 2 four-bedroom apartments. As the only apartment development on the beachside of Cabarita Beach, Caba offers a unique level of exclusivity.
Demonstrating its market appeal, Caba secured four qualifying pre-sales, with gross sale contracts of $12 million, prior to the commencement of construction.
Loan specifics
| Approved Loan Amount | circa $40 million |
| Approved Loan Term | 22 months |
| Loan Type | Construction |
| Approved Loan-To-Valuation Ratio | 64.74% (excl. GST) |
