Development Funding – Senior Debt

Location: Bayside – Victoria

Development Type:

The purpose of the loan facility is to provide funding for the construction of Seventy (70) townhouses.

Loan $27,700,000 (Land and Construction)

Interest Rate: Base Rate 5.1% (margin of 3.00% above the 90-day Bank Bill Rate (BBR)

Establishment Fee:  1.5%

Term: 24 Months

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