6 Luxury Houses – Bank Funded No Presales

Purpose of Loan: To provide a construction facility for 6 luxury residential houses

Loan Limit: 1st Mortgage – $5,500,000

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

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: 6.54% per annum

Presales: Nil