Industrial Land Purchase – Waikato
Loan Amount:
$2.3M
Interest Rate:
8.50% p.a.
Loan Term:
12 Months
Location:
Hamilton
Background
Loan Purpose:
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Provide finance for the purchase of 8000m2 of industrial land.
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47.3% LVR (based on on-completion)
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The property was well located in an established industrial precinct, close to a popular retail shopping destination.
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The borrower had an experienced background in industrial development.
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Real Estate advice indicated high demand for the sale of the site as a whole or subdivided.