Townhouse Project – No Presales

Purpose of Loan: To provide a construction facility for 5 townhouses at Greenslopes

Loan Limit: 1st Mortgage – $2,725,000

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

Loan Term: 1 years

Facility Type: Term Loan

Interest Rate: 10.00% per annum

Presales: Nil