Land Acquisition and Subdivision Development – Bay of Plenty

Rural Residential Subdivision - Waikato
Finance

Loan Amount:

$5.9M

Funding lines

Interest Rate:

10.0% p.a.
Term Length

Loan Term:

18 Months

Location

Location:

Bay of Plenty

Background

Loan Purpose:

  • To fund the purchase of land, and the development of a 4-lot subdivision.

  • 50.5% LVR on-completion

  • The borrower has an excellent track record and level of experience, as well as a strong group equity position.

  • Excellent, prime product location traditionally in high demand.