02 9232 8888
OFFICES
Loan Purpose
Facility Amount
$1.78MM
LVR
55% of valuation
Term
Security
LTC
Pre-sales
Exit Strategy
The Deal
UNIQUE FEATURE OF THE DEAL
- Security property had a DA in place, but no passing income
- Transaction allowed for the release of over $250,000 in equity to the client, to provide for marketing costs and professional fees to advance the project
- Interest was capitalised into the loan limit for the facility term
Stephen Budd
Partner
