7 Unit Development, Moorooka
- 7 units, Kipling Street Moorooka
- No pre-sale finance
- 80% total development costs funded
- Interest capitalised
- Construction Timeframe: 15 months
- On Budget: Yes
- 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].
- YEAR 2015
- WE DID Development Finance
- PARTNERS Ultra Property
- CATEGORY Development Finance