1st Mortgage to Purchase a Property in Melbourne $1,200,000.00

By August 14, 2018Finance

 

Prime Finance’s Weekly Scenario
Short Term Loans

Scenario:

Prime was approached by a broker who had a client needing short term funding of $1,200,000.00 for 60 days to purchase a property in the Melbourne metro area.

Bank couldn’t settle in time on purchase.

Solution:

Prime Finance did this as a 1st mortgage and settled in 3 business days. The LVR was around 75%. Valuation not required, used contract of sale.

Visit our website or send scenarios to [email protected] and find out how we can help your clients.
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