2nd Mortgage for a Development in South Yarra, VIC

Scenario:

Prime was approached by a broker who had a client needing short term funding of $300,000.00 for 4 months to finish off a development property in South Yarra VIC.

Solution:

Prime Finance did this as a 2nd mortgage and settled in 7 business days. The LVR was around 70%. Valuation was required as is and on completion.