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14 Lot Residential Subdivision

Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a construction facility for the development of 14 residential lots at Mango Hill with no presale requirement

Loan Limit: 1st Mortgage – $2,615,000

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

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 9.00% per annum

Line Fee: 2.00% per annum

Presales: Nil