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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 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 allotments, during the down time in the applicant’s civil company.