Residential Subdivision – Waikato

Rural Residential Subdivision - Waikato
Finance

Loan Amount:

$5.6M

Funding lines

Interest Rate:

9.5% p.a.
Term Length

Loan Term:

12 Months

Location

Location:

Waikato

Background

Loan Purpose:

  • To assist with the purchase of land for a 65-lot, high-density, sub-division.

  • 59.7% LVR reducing to 48.2% LVR after interim lump sum payment.

  • Experienced borrower with a strong sub-division development and construction record.

  • Well-located product with high demand demonstrated by pre-sales of the borrowers neighbouring sub-division development.