Bridging Loan $250,000.00 to Complete Renovations

By February 14, 2019Finance

 

Prime Finance’s Weekly Scenario
Short Term Loans

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.

Visit our website or send scenarios to [email protected] and find out how we can help your clients.
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