1st Mortgage in the Name of a Trust for Purchase of Property
Home » Blog » Finance » 1st Mortgage in the Name of a Trust for Purchase of Property
Prime Finance’s Weekly Scenario |
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.
Visit our website or send scenarios to [email protected] and find out how we can help your clients.
|
|
|
|
|