Land Subdivision – 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.