1st Mortgage to Purchase Land in Western Australia
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| Prime Finance’s Weekly Scenario |
Scenario: Prime was approached by a broker who had a client needing short term funding of $350,000.00 for 6 months to purchase land in Western Australia. 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. |
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