Recent Transactions

Bank Landbank Loan

Posted at January 11, 2019 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a bank facility to acquire a non-DA development site for future development

Loan Limit: 1st Mortgage – $695,000

LVR: 1st Mortgage – 50% of As Is value

Loan Term: 12 months

Facility Type: Landbank Loan

Interest Rate: 6.50% per annum

Line Fee: 0.00% per annum