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City Fringe Townhouses

Project details

Loan type

Development

Property type

2-bedroom residential townhouses

Loan size

$1-3m

Term

12 months

Loan to Value Ratio

66%

Pre Sale Ratio

80%

Property size

6 units ranging from 65sqm to 75sqm

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Experienced building professionals embarking on their first project together

Three young but highly capable property professionals joined forces to develop a six-townhouse development in a desirable street just outside of Christchurch’s four avenues.

Combining their building, project management and quantity surveying expertise, the team made excellent use of the site to produce a development that enhances the street and provides quality affordable living close to the city.

Killarney Capital provided a comprehensive funding solution to refinance an existing lender and fund the development through to completion. Given the team’s capability we waived the requirement for an independent quantity surveyor – instead relying on self-certification of project costs.

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