Builder/Developer – No Presales

Purpose of Loan: To provide a construction facility with no presales for 9 residential units

Loan Limit: 1st Mortgage – $2,100,000

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

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 2.00% + Bank Bills per annum

Presales: Nil