5xTownhouses No PreSales

Purpose of Loan: To provide a construction facility for the development of 5 townhouses in Greenslopes

Loan Limit: 1st Mortgage – $2,300,000

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

Loan Term: 1 years

Facility Type: Construction Loan

Interest Rate: 10.00% per annum

Presales: Nil