Final Stage of a Unit Project

Purpose of Loan: To fund the final stage, being stage 3, of a 202 unit project in Townsville

Loan Limit: 1st Mortgage – $12,700,000

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

Loan Term: 16 months

Facility Type: Construction facility

Presales: 65% of debt cover