Case
Studies
1. Borrower required bridging development site funding in Darwin
Borrower sought to refinance expiring Private loan $1.5m plus assist with Development funding for a further Property Development in Darwin CBD total $2.39m inclusive of oneyear’s capitalised interest.
Security is a vacant Commercial site in the Darwin CBD, approximate 50% LVR.
Borrower is now free to hold the site until Development timing is considered satisfactory whilst also being able to continue with a pending project also in Darwin.