Townhouse Development – Auckland

Background

Loan Purpose:

• To finance the construction of 5 x 2-storey terraced units in South Auckland.
• 51.5% LVR (based on on-completion value).
• The development site was an attractive location close to schools, shopping, and the motorway.
• The project was overseen by a highly experienced Project Manager.
• Pre-sales on two units were secured prior to construction.