$550,000.00 Cash flow for Developer
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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 $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. |
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