Melbourne Development Financing
Loan Description
Overview
Site acquisition financing for a residential sub-division in Melbourne
Amount
$10,000,000
Collateral
First registered mortgage on property, director guarantees
Use of Funds
Settle on purchase of property
Term
3 months
LVR
60% of valuation
Interest Rate
12% per annum
Date
17 Mar 2016
Status
Completed
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Size
$10,000,000
Indicative Interest Rate
12% per annum
Date
17 Mar 2016
Status
Completed