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Landbank – 70% LVR Capitalised Interest

Posted at February 2, 2016 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a land facility against the acquisition of a site with no DA

Loan Limit: 1st Mortgage – $1,260,000

LVR: 1st Mortgage – 70% of As Is value

Loan Term: 12 months

Facility Type: Commercial Loan

Interest Rate: 10.75% per annum

Presales: N/A