Townhouse Development – Auckland

Townhouse Development – Auckland - Omega Capital
Finance

Loan Amount:

$2.4M

Funding lines

Interest Rate:

8.50% p.a.
Term Length

Loan Term:

15 Months

Location

Location:

South 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.