Case
Studies
5. Borrower required funds to subdivide vacant rural/residential land into 9 rural living allotments
Applicant sought $380,000 cash out to assist with the funding of for a nine-allotment subdivision of his freehold vacant rural residential land.
At a 50% LVR the borrower is now able to fund the subdivision process, then sell the off allotments, during the down time in the applicant’s civil company.