Luxury Townhouses at Southport

Purpose of Loan: To provide a construction facility for the development of 6 luxury residential townhouses at Southport

Loan Limit: 1st Mortgage – $2,749,500

LVR: 1st Mortgage – 85% of Total Development Costs ex GST

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: 10.00% per annum

Presales: Nil