Community Housing
Development Loan
Northland
Project details
Loan type
Development
Property type
16 two-storey terraced townhouses in three blocks across two existing residential sites
Loan size
$5-10m
Term
15 months
Loan to Value Ratio
72%
Pre Sale Ratio
Fully pre-sold
Property size
A total site of 2,785sqm with each unit being 95sqm
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Getting it done for a community that deserves a hand up
A big part of being a property funder is knowing the location and the people that you’re funding. This could not have been more the case with this impressive community housing development in Northland.
Things are done a little differently up this way. Everyone in the development community knows each other. Relationships are paramount. A handshake is a contract. Hard work and common sense prevail.
Killarney Capital provided a flexible funding solution for our repeat client – allowing them to focus on getting the job done without unnecessary distraction and delay. We shared their vision to transform an overgrown site with a couple of beaten up old dwellings, into stunning rows of brick & coloursteel townhouses that truly stand out. 15 months was more than enough to stand up and settle 16 houses that will serve a community long into the future.