Kellyville Land Subdivision Completion
Loan Description
Overview
Financing for completion of land subdivision including payment to contractors and statutory payments
Amount
$4,354,753
Collateral
1st Registered Mortgage, GSA Borrower Entity, Director guarantees
Use of Funds
Final payments to statutory authorities & civils contractor, refinance existing lender
Term
4 months
LVR
65% LVR Net Completion Value
Interest Rate
9.75% per annum
Date
16 Nov 2019
Status
Completed
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Size
$4,354,753
Indicative Interest Rate
9.75% per annum
Date
16 Nov 2019
Status
Completed