- Loan Amount:$2,620,000
- Loan Type: Construction
- LVR: 65%
- Date of Settlement: 03/08/2022
- Expiry/Repayment Date: 03/05/2023 -03/08/2023
- Loan/Investment Term: 9-12 months
- Investor Return: 7.00%
- To assist with funding of the construction works for 3 x two-storey houses. ($1.42m).&Refinance of the existing mortgage ($1.20m).
- The Borrower has an acceptable track record in property development, having undertaken and delivered one project previously.