Landbank – Non Bank – Kangaroo Point

Purpose of Loan: To provide a landbank facility against 5 residential properties in Kangaroo Point while a DA is lodged.
Interest built into the facility for 12 months

Loan Limit: 1st Mortgage – $1,500,000

LVR: 1st Mortgage – 65% of As Is Land value

Loan Term: 1 year

Facility Type: Term Loan

Interest Rate: 12.95% per annum