Bank Funded $73M Industrial subdivision

Purpose of Loan: To provide a 1st mortgage facility to complete an industrial subdivision in Crestmead.

Loan Limit: 1st Mortgage – $73,000,000

LVR: 1st Mortgage – 75% of Total Development Costs

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 1st mortgage 1.60% margin over BBSY + 1.60% line fee