This project has two stages, the first being a 1-into-3 subdivision separating the main development lot from two additional lots. The two smaller lots have presales, hence will be sold immediately following issue of titles to decrease debt. The second stage involves a construction facility for a 76-lot development.
We opted to finance this development in two stages, to enable greater flexibility for the later construction facility. Therefore, we utilised a construction facility for the subdivision, to be refinanced by the larger 76-lot construction facility, likely with a stretched facility.
project details
