1st Mortgage in the Name of a Trust for Purchase of Property

Scenario:

Prime was approached by a broker who had a client needing short term funding of $950,000.00 for 3 months to purchase a property in Wollongong in the name of a trust.

Solution:

Prime Finance did this as a 1st mortgage, settled in 3 business days. The LVR was around 75%. No valuation was required, went off sale contract.