Cobbitty NSW
Land Banking Loan
Loan Type :First Mortgage
Facility Limit :$3,650,000
LVR :69%
The developer owned a subdivision site but lacked the funds to pay the council work bonds required for title registration. We utilized our internal valuation process, refinanced the original mortgage, coordinated with the council to clear all work bonds, collaborated with the surveyor to finalize the title registration and attended the settlement with the land purchaser.