12 Lot Subdivision – No Presales

Purpose of Loan: To provide a construction facility with no presales for 12 residential lots

Loan Limit: 1st Mortgage – $1,600,000

LVR: 1st Mortgage – 75% of Gross Realisation excluding GST

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 9.50% per annum

Presales: Nil