Bridging Loan $250,000.00 to Complete Renovations
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| Prime Finance’s Weekly Scenario |
Scenario: Prime Finance was approached by a broker who had a client needing a 60 day residential bridging loan of $250,000.00 to complete renovations on family home. Solution: Prime Finance did this as a caveat and settled within 5 business days. The LVR was around 70%, valuation was required. |
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