Chermside – 8 Level Residential Building - Queensland Finance Group – Construction Finance – Investment Finance – Development Finance

Recent Transactions

Chermside – 8 Level Residential Building

Posted at January 28, 2015 | By : EMoore | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To fund the development of 60 x residential units in Chermside for a builder/developer

Loan Limit: 1st Mortgage – $15,100,000

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

Loan Term: 18 months

Facility Type: Construction facility

Presales: 75% of debt cover