Residential Subdivision – Wellington

Background

Loan Purpose:

• Provide finance for the completion of civil and earthworks required for a new 25 lot, 7079 sqm, residential sub-division.
• 52% LVR (based on on-completion value).
• The client was highly experienced and had a track record of successfully completing similar developments.
• Sections (and ultimately units to be built) were comfortably within first home buyer price range.
• The project was fully consented and costed.