Line of Credit Against 3 Regional Development Sites

Purpose of Loan: To provide business line of credit facility against 3 regional land subdivision development sites

Loan Limit: 1st Mortgage – $6,190,000

LVR: 1st Mortgage – 50% of As Is Value ex GST

Loan Term: 1 years

Facility Type: Term Loan

Interest Rate: 3.99% per annum + 1.50% line fee