Luxury Units – Burleigh Heads

Purpose of Loan: To provide a construction facility for the development of 9 luxury units at Burleigh Heads

Loan Limit: 1st Mortgage – $9,730,000

LVR: 1st Mortgage – 75% of Total Development Costs ex GST

Loan Term: 1 years

Facility Type: Construction Loan

Interest Rate: 4.08% per annum + 1.50% line fee

Presales: 100% of debt cover