4 x Luxury Townhouses – No Presales

Purpose of Loan: To provide a construction facility for the development of 4 luxury townhouses at Balmoral

Loan Limit: 1st Mortgage – $2,230,500

LVR: 1st Mortgage – 70% of Gross Realisation ex GST

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 10.75% per annum

Presales: Nil