$550,000.00 Cash flow for Developer

Scenario:

Prime Finance was approached by a broker who had a client needing short term funding of $550,000.00 for 3 months, needing cash flow for developer.

Solution:

Prime Finance did this as a 2nd mortgage and settled on 2 properties cross collateralised within 5 business days. The LVR was around 65%, valuation was required.