60 Day Residential Bridging Loan to Settle on a Property in Newcastle

By August 21, 2019Finance
Short Term Loans

Scenario:

Prime Finance was approached by a broker who had a client needing a 60 day residential bridging loan of $180,000.00 to settle on a property in Newcastle.

Solution:

Prime Finance did this as a caveat over 2 properties, cross collateralised and settled in 7 business days. The LVR was around 75%. A valuation was required for one property, a contract of sale was used for the other.

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