Recent Transactions

11 x Townhouses – No Presales

Posted at January 18, 2019 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a construction facility for the development of 11 residential townhouses at Loganholme with no presale requirement

Loan Limit: 1st Mortgage – $3,100,000

LVR: 1st Mortgage – 70% of Gross Realisation Value ex GST

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 10.25% per annum

Line Fee: 1.00% per annum

Presales: Nil