Landbank Facility (Non Bank) – Perth – Non-Income Producing Property

Purpose of Loan: To provide a facility against a future development property with no income

Loan Limit: 1st Mortgage – $800,000

LVR:  1st Mortgage – 50% of as is value

Loan Term: 12 months

Facility Type: Commercial Loan

Interest Rate: 6.50% per annum