7 Unit Development, Moorooka

Development finance:

  • 7 units, Kipling Street Moorooka
  • No pre-sale finance
  • 80% total development costs funded
  • Interest capitalised
  • Construction Timeframe: 15 months
  • On Budget: Yes

Refinance:

  • Construction just finished and existing major bank wanted the loans refinanced. They would not shift or take the loans on as residential loans.
  • Borrower and an interstate investor had no options and needed help with a facility.
  • Red & Co refinanced the loans to another bank. 4.50% rates and waived establishment fee.
  • The client can now make sales in his own time without the risk of being defaulted.

If you need help securing commercial finance for a purchase of development, get in touch with Jayden Vecchio on 0421 874 357 or [email protected].

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