Business Loan on a House and Land Package in Newcastle

By October 23, 2018Finance

 

Prime Finance’s Weekly Scenario
Short Term Loans

Scenario:

Prime Finance was approached by a broker who had a builder as a client needing short term funding of $450,000.00 for 6 months on a house and land package in Newcastle NSW.

 

Solution:

Prime Finance did this as a 1st mortgage and settled on the land within 4 business days. The construction of the dwelling will be done with several drawdowns. The LVR was around 65%, a valuation was not required.

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