2nd Mortgage for a Development in South Yarra, VIC
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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 $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.
Visit our website or send scenarios to [email protected] and find out how we can help your clients.
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