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Logan Central Townhouses

Posted at May 22, 2015 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To fund the construction of 16 townhouses at Logan Central

Loan Limit: 1st Mortgage – $3,300,000

LVR:  1st Mortgage – 80% of Total Development Cost excluding GST

Loan Term: 12 months

Facility Type: Construction facility

Presales: 70% of debt cover