Purpose of Loan: To provide a 2nd & 3rd mortgage construction facility for the development of 2 luxury townhouses in Clayfield. The loan is progressively drawn and interest is only payable on drawn amounts
Loan Limit: 2nd Mortgage – $462,500
Loan Limit: 3rd Mortgage – $152,500
LVR: 2nd Mortgage – 65% of Gross Realisation Value ex GST
LVR: 3rd Mortgage – 75% of Gross Realisation Value ex GST
