Funding to Finish Development Property

By April 16, 2020Finance
Short Term Loans
Scenario:
Prime Finance was approached by a broker who had a client needing short term funding of $350,000.00 for 5 months to finish off a development property in NSW.
Solution:
Prime Finance did this as a 2nd mortgage and settled in 7 days. The LVR was around 70% and a valuation was required as is and on completion.
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