Specialised Asset

Specialised Asset

Specialised Asset
Project Details

Location:
Toowoomba

Facility Amount:
$945,000

LVR:
70%

Deal Writer:
Stephen Budd

Unique feature of the deal
  • Security property was a Woolworths tenanted service station
  • LVR negotiated was 70%, above the usual 60% - 65% LVR that most lenders apply to specialised assets
  • Facility limit was determined against valuation, which was higher than purchase price
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