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14 Unit Project Indooroopilly – No Presales

Posted at September 14, 2015 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a construction facility with no presales for 14 residential units

Loan Limit: 1st Mortgage – $5,523,000

LVR: 1st Mortgage – 68% of Gross Realisation excluding GST

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: 10.75% per annum

Presales: Nil