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.

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