Case Study 4: Residential Development Funding

Funding Requirement

Development finance required to construct four residential blocks for owner-investor. Repayment of development finance achieved via bank refinance on completion.

Loan Amount                                  $4,250,000

LVR                                                   69%

Interest Rate                                   9.50% per annum

Interest Payment                            Capitalised as part of the Loan Amount

Term                                                12 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