24 Units – Sherwood

Purpose of Loan: To provide a construction facility for 24 residential units

Loan Limit: 1st Mortgage – $7,015,000

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

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: Bank Bills + 2.25% per annum

Presales: 75% of debt cover