Recent Transactions

Take Out Loan Against Completed Residential Stock

Posted at January 17, 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. The development project consisted of 7 units, 6 of which formed the take out facility security. The facility was not based on an in one line value

Loan Limit: 1st Mortgage – $3,050,000

LVR: 1st Mortgage – 65% of Market Value inc GST

Loan Term: 12 months

Facility Type: Term Loan

Interest Rate: 12.00% per annum