Loan case study in Greenslopes, QLD
Funding to assist with the construction of two Hamptons-style homes.
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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|APPROVED LOAN AMOUNT||~ $2.8 million|
|APPROVED LOAN TERM||10 months|
|REPAYMENT SOURCE||Sale of completed houses|
|APPROVED LOAN-TO-VALUATION RATIO||65% on an "as-if-complete" basis|