Staged Construction Finance – Deception Bay

Purpose of Loan: To provide a construction facility for the development of stage 1, being 37 residential units, at Deception Bay

Loan Limit: 1st Mortgage – $7,275,000

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

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 3.61% per annum + 1.50% line fee

Presales: 100% of debt