Recent Transactions

467 Lot Staged Subdivision

Posted at January 11, 2019 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a rolling construction facility for the development of 467 residential lots across multiple stages

Loan Limit: 1st Mortgage – $16,000,000

LVR: 1st Mortgage – 60% of Gross Realisation ex GST + 50% of balance land value

Loan Term: 12 months rolling as applicable

Facility Type: Construction Loan

Interest Rate: 3.75% per annum

Line Fee: 1.60% per annum

Presales: 50% of debt cover