35 Units – No Presales

Purpose of Loan: To provide a construction facility with no presales for 35 residential units

Loan Limit: 1st Mortgage – $6,621,000

LVR: 1st Mortgage – 66% of Gross Realisation excluding GST

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: 10.50% per annum

Presales: Nil