Non-Recourse No Presales Bank Funding – Sunshine Coast Land Subdivision

Purpose of Loan: To provide a construction facility for 25 residential lots

Loan Limit: 1st Mortgage – $2,740,000

LVR: 1st Mortgage – 60% of Total Development Costs excluding GST

Loan Term: 12 months

Facility Type: Construction Loan

Interest Rate: Bank Bills + 1.81% per annum

Presales: Nil