12 Units – No Presales

Purpose of Loan: To provide a construction facility to build 12 residential units with no presales in Nundah

Loan Limit: 1st Mortgage – $2,300,000

LVR: 1st Mortgage – 60% of Total Development Costs ex GST

Loan Term: 1 years

Facility Type: Term Loan

Interest Rate: 3.45% per annum + 1.40% line fee

Presales: Nil