Landbank Finance – Bank Funded

Purpose of Loan: To provide a facility to landbank a future development site

Loan Limit: 1st Mortgage – $4,672,000

LVR: 1st Mortgage – 55% of land value

Loan Term: 12 months

Facility Type: Commercial Loan

Interest Rate: Bank bills + 1.50% per annum + 1.50% line fee