Project overview
This residual stock loan was provided to refinance an existing construction lender, for high-end New Farm project, “The Edition”. The loan provided an equity release to the borrower, based on subsequent sales of completed luxury stock. Situated in the heart of the ‘Paris End’ of New Farm, The Edition proudly sits amongst heritage listed buildings, character homes and fig trees.
Loan specifics
| Approved Loan Amount | $10.37 million |
| Approved Loan Term | 7 months |
| Approved Loan-To-Valuation Ratio | 68.07% incl. GST |
