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Landbank on $13M Purchase – 75% LVR

Posted at May 3, 2018 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a landbank facility against a future development site – no DA in place

Loan Limit: 1st Mortgage – $8,600,000

LVR: 1st Mortgage – 75% of As Is value

Loan Term: 1 years

Facility Type: Landbank Loan

Interest Rate: 8.50% per annum