9 Units Gaythorne – No Presales

Purpose of Loan: To provide a construction facility with no presales for a first time developer to develop 9 residential units

Loan Limit: 1st Mortgage – $2,630,000

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

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 10.25% per annum

Presales: Nil