Project Finance – 14 Units

Purpose of Loan: To provide a construction facility for the development of 14 residential units at Chermside

Loan Limit: 1st Mortgage – $3,900,000

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

Loan Term: 15 months

Facility Type: Construction Loan

Interest Rate: 6.80% per annum + Line Fee Nil

Presales: 100% of debt cover