2nd Mortgage to Complete Renovation in Perth
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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 $450,000.00 to complete renovations on investment property in Perth Metro. Solution: Prime Finance did this as a 2nd mortgage and settled in 7 business days. The LVR was around 70%, a valuation was required as is and on completion. |
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