10 x Residential Units at Taringa

Purpose of Loan: To provide a construction facility for the development of 10 residential units at Taringa

Loan Limit: 1st Mortgage – $4,250,000

LVR: 1st Mortgage – 90% of Total Development Costs ex GST

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 9.00% per annum + 3.00% Line Fee

Presales: Nil