22 Townhouses – 75% of Debt Cover

Purpose of Loan: To provide a construction facility for the development of 22 residential townhouses at Kuraby

Loan Limit: 1st Mortgage – $6,100,000

LVR: 1st Mortgage – 80% of Total Development Costs ex GST

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: 6.65% per annum + Line Fee Nil

Presales: 75% of debt cover