69 Units Across 8 Levels

Purpose of Loan: To provide a construction facility for the development of 69 residential units in Kangaroo Point

Loan Limit: 1st Mortgage – $26,790,000

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

Loan Term: 18 months

Facility Type: Construction Loan

Interest Rate: Bank bills + 1.25% per annum + 1.25% line fee

Presales: 100% of debt cover