Case Study 1: Future Development Site

Funding Requirement

Funding was required for the acquisition of a CBD development site with resource consent for high density residential. The funding period provides time to achieve necessary pre-sales, building consent, finalise costings and building contract. Take out via development funding.

Loan Amount                             $2,500,000

LVR                                               53%

Interest Rate                               8.50% per annum

Interest Payment                        Paid monthly

Term                                             6 months

To discuss your requirements further contact:

Bruce
McGhie

Bruce McGhie

Phone +64 (9) 918 5839
Mobile 021 912 006
bmcghie@cressida.co.nz

Nigel
Staples

Nigel Staples

Phone +64 (9) 918 5842
Mobile 021 687 848
nstaples@cressida.co.nz

Marty
Shepherd

Marty Shepherd

Phone +64 (9) 918 5851
Mobile 021 715 200
mshepherd@cressida.co.nz