Equity release on vacant land

Equity release on vacant land

Equity release on vacant land
Project Details

Location:
Hope Island

Facility Amount:
$1,780,000

LVR:
55% of valuation

Deal Writer:
Stephen Budd

Unique feature of the deal
  • Security property had a DA in place, but no passing income 
  • Transaction allowed for the release of over $250,000 in equity to the client, to provide for marketing costs and professional fees to advance the project 
  • Interest was capitalised into the loan limit for the facility term
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