Residential Subdivision – Waikato
Loan Amount:
$5.6M
Interest Rate:
9.5% p.a.
Loan Term:
12 Months
Location:
Waikato
Background
Loan Purpose:
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To assist with the purchase of land for a 65-lot, high-density, sub-division.
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59.7% LVR reducing to 48.2% LVR after interim lump sum payment.
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Experienced borrower with a strong sub-division development and construction record.
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Well-located product with high demand demonstrated by pre-sales of the borrowers neighbouring sub-division development.