2nd Mortgage for Purchase of a Car Wash in Rockingham, WA

 

Prime Finance’s Weekly Scenario
Short Term Loans

Scenario:

Prime Financewas approached by a broker who had a client who needed short term funding of $500,000.00 for 6 months to purchase car wash in Rockingham WA

Solution:
Prime Finance did this as a second mortgage, across 2 properties and settled in 7 business days. The LVR was around 75%, valuation was required.
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