Recent Transactions

Oxford St, Bulimba – Mixed Use

Posted at February 10, 2015 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To fund the development of a mixed use project comprising 8 x residential units + 614sqm of retail/commercial across 2 x 3 storey buildings

Loan Limit: 1st Mortgage – $5,440,700

LVR:  1st Mortgage – 80% of Total Development Costs excluding GST + a GST facility

Loan Term: 18 months

Facility Type: Construction facility

Presales: 71% of debt cover