2nd Mortgage to Purchase Cafe in Parramatta

Scenario:

Prime Finance was approached by a broker who had a client needing short term funding of $210,000.00 for 3 months to purchase a cafe in Parramatta.

Solution:

Prime Finance did this as a 2nd mortgage and settled with a caveat in 4 business days. The LVR was around 70%, valuation was not required.