12 Townhouses No Presales

Purpose of Loan: To provide a construction facility for the development of 12 residential townhouses at Waterford West

Loan Limit: 1st Mortgage – $2,165,000

LVR: 1st Mortgage – 65% of Gross Realisation ex GST

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 10.75% per annum

Presales: Zero