Case Study 5: Commercial Property Refurbishment

Funding Requirement

To settle the purchase, and subsequent refurbishment of a commercial property in Queenstown. Repayment partial sell down of completed units and bank refinance of the balance.

Loan Amount                            $1,900,000

LVR                                           Initial LVR of 70%,  On completion LVR 61%

Interest Rate                              9.50% per annum

Interest Payment                       50% capitalised / 50% 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