The Highgate

Purpose of Loan: To fund the development of 42 x luxury residential units in Highgate Hill

Loan Limit: 1st Mortgage – $40,000,000

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

Loan Term: 18 months

Facility Type: Construction facility

Presales: 80% of debt cover