26 Units – Chermside

Purpose of Loan: To provide a construction facility for 26 residential units

Loan Limit: 1st Mortgage – $6,710,000

LVR: 1st Mortgage – 80% of Total Development Costs excluding GST

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: Bank Bills + 2.00% margin per annum

Presales: 75% of debt cover