About the project

This project consists of 67-townhouses, built over two stages; the first stage being 34-townhouses (3 bed / 2 bath) and the second stage being 33-townhouses (3/4 bed / 2 bath).

The developer has significant experience in similar projects, and this project is tracking well with build completion expected in towards the end of 2025.

The Funding Process

We opted to finance this development in two parts, the first stage being a 1-into-3 subdivision, followed by a highly stretched construction facility. We achieved LVRs significantly higher than market norm, largely due to connections with the lenders who have confidence in our approach.

project details

  • Date: 21st November 2024
  • Category: First Mortgage
  • LVR: 92%
  • Loan Amount: $41,145,000

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