Landbank Development Site – 60% LVR

Purpose of Loan: To provide a 1st mortgage facility against a DA approved development site on the Gold Coast

Loan Limit: 1st Mortgage – $6,000,000

LVR: 1st Mortgage – 60% of As Is Value

Loan Term: 1 year

Facility Type: Landbank Loan

Interest Rate: 1st mortgage 6.50% per annum