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