Development Re-finance – Canterbury
Loan Amount:
$4.3M
Interest Rate:
11.0% p.a.
Loan Term:
12 Months
Location:
Canterbury
Background
Loan Purpose:
- To re-finance an expired loan facility to support the planned development of a state-of-the-art grain processing facility.
- LVR 50.5%.
- The borrower had considerable experience in the fertiliser and grain supply industry and was in the late stages of securing substantial national supply contracts.