2 x Luxury Houses – New Farm

Purpose of Loan: To provide a construction facility for the development of 2 luxury houses in New Farm with no presale requirement

Loan Limit: 1st Mortgage – $3,289,000

LVR: 1st Mortgage – 65% of Gross Realisation Value ex GST

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 4.67% per annum

Line Fee: 1.60% per annum

Presales: Nil