“VIDA” 144 Unit Project @ West End

Purpose of Loan: To fund the development of 144 x residential units + 209sqm of retail in West End across two 12 storey towers.

Loan Limit: 1st Mortgage – $61,500,000

                        Preferred Equity – $12,800,000

LVR:  1st Mortgage – 80% of Total Development Costs excluding GST

            Preferred Equity – 80% of the equity requirement

Loan Term: 24 months

Facility Type: Construction facility

Presales: 100% of debt cover