Recent Transactions

3 x Luxury Houses – Bank Funded No Presales

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

Purpose of Loan: To provide a construction facility for the development of 3 luxury residential houses at Taringa with no presale requirement

Loan Limit: 1st Mortgage – $2,500,000

LVR: 1st Mortgage – 65% of Total Development Costs ex GST

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 6.55% per annum

Line Fee: 0.00% per annum

Presales: Nil