Recent Transactions

Residual Stock Loan – 14 Units

Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment

Purpose of Loan: To provide a term facility to refinance a construction lender on a completed residential project. There were 14 residual units that required to be refinanced

Loan Limit: 1st Mortgage – $2,900,000

LVR: 1st Mortgage – 65% of In One Line Value ex GST

Loan Term: 3 years

Facility Type: Term Loan

Interest Rate: 5.80% per annum