Bank Funded – 11 x Residential Unit Residual Stock Facility

Purpose of Loan: To provide a residual stock facility against completed residential units in Red Hill

Loan Limit: 1st Mortgage – $3,850,000

LVR: 1st Mortgage – 60% of In One Line As Is value

Loan Term: 2 years

Facility Type: Term Loan

Interest Rate: 3.17% per annum + 1.47% line fee