Build & Hold – Asset Lend

Purpose of Loan: To provide a 1st mortgage facility against to renovate an existing house and construct 3 new townhouses to be held long term

Loan Limit: 1st Mortgage – $1,526,000

LVR: 1st Mortgage – 65% of Completed Value

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 1st mortgage 8.75% per annum