Construction Facility – 80% of Total Development Costs – Bank Funded - Queensland Finance Group – Construction Finance – Investment Finance – Development Finance

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Construction Facility – 80% of Total Development Costs – Bank Funded

Posted at January 17, 2017 | By : EMoore | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a construction facility for the development of 16 residential units at Sherwood

Loan Limit: 1st Mortgage – $5,056,300

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

Loan Term: 13 months

Facility Type: Construction Loan

Interest Rate: 3.80% per annum + Line Fee 1.75%

Presales: 100% of debt cover