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Sydney Development Site Purchase

Sydney Development Site Purchase

Loan Description

Overview

Acquisition financing for residential apartments development site

Amount

$8,000,000

Collateral

First registered mortgage on property, director guarantees

Use of Funds

Settle on purchase of development site

Term

12 months

LVR

60% of valuation

Interest Rate

12% per annum

Date

11 Apr 2018

Status

Completed

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Size

$8,000,000

Indicative Interest Rate

12% per annum

Date

11 Apr 2018

Status

Completed