Loan Amount
$3,867,500
LVR
65%
Security Location
Brisbane, QLD 4032
Interest Rate
10.45%
Establishment Fee
1.65%
Loan Term
8 Months, 3 Months Minimum
Exit Strategy
Refinance to a senior construction lender.
Why was the Sponsor unable to obtain bank finance?
The security property had an existing basement already constructed prior to the Sponsor purchasing the property.
Timeframe
3 weeks to settle upon receipt of the signed Conditional Approval.