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Loan case study in Greenslopes, QLD

Funding to assist with the construction of two Hamptons-style homes.

Project overview

The project entailed the construction of two Hamptons-style homes in the inner-city suburb of Greenslopes, Brisbane, QLD.

The two streets where the houses are located are considered premier streets featuring large houses on substantial blocks, with accessible city views. In the direct vicinity, there has been growth in the investment of newer builds and renovations as high-earning families continue to buy-in to the area.

The houses are in walking distance to the local grocery store, schools and hospital.

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Loan specifics

APPROVED LOAN AMOUNT~ $2.8 million
APPROVED LOAN TERM10 months
REPAYMENT SOURCESale of completed houses
APPROVED LOAN-TO-VALUATION RATIO65% on an "as-if-complete" basis