1st & 2nd Mortgage – 80% of GRV

Purpose of Loan: To fund the construction of 12 units in Brisbane with no presales

Loan Limit: 1st Mortgage – $3,243,000 2nd Mortgage – $250,000

LVR:  1st Mortgage – 80% of Gross Realisation excluding GST

Loan Term: 12 months

Facility Type: Construction facility

Presales: Nil