2nd Mortgage Needing Cash Flow in a Trust
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| Prime Finance’s Weekly Scenario |
Scenario:
Prime Finance was approached by a broker who had a client needing short term funding of $70,000.00 for 6 months, needing cash flow for business in a trust.
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Solution:
Prime Finance did this as a 2nd mortgage and settled within 5 business days. The LVR was around 65%, a valuation was required.
Visit our website or send scenarios to [email protected] and find out how we can help your clients.
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