Land Subdivision – New Plymouth

Land Subdivision – New Plymouth
Finance

Loan Amount:

$5.7M

Funding lines

Interest Rate:

8.50% p.a.
Term Length

Loan Term:

12 Months

Location

Location:

New Plymouth

Background

Loan Purpose:

  • To fund the construction of 62 residential lots on a 250-lot subdivision.
  • 37.3% LVR (based on on-completion value)
  • 100% of finance fees and interest were built into the loan facility.
  • Pre-sales made up 126% of the value of debt.
  • The project site was flat with non-complex earthworks and civils.