2nd Mortgage for Purchase of a Chinese Restaurant in Brisbane
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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 $180,000.00 for 3 months to purchase a Chinese restaurant in Brisbane.
Solution:
Prime Finance did this as a 2nd mortgage, settled with a caveat in 3 business days. The LVR was around 75%. Valuation was not required.
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