12 Luxury Townhouses – New Farm

Purpose of Loan: To provide a construction facility for the development of 12 luxury townhouses

Loan Limit: 1st Mortgage – $10,275,000

LVR: 1st Mortgage – 75% of Total Development Costs excluding GST

Loan Term: 14 months

Facility Type: Construction Loan

Interest Rate: 1.58% + bank bills per annum

Presales: 40% of debt cover