Pay Off Tax Debt and Refinance of Commercial Property

Scenario:

Prime Finance was approached by a broker who had a client needing short term funding of $110,000.00 for 6 months to pay off tax debt so the client can then refinance their commercial property.

Solution:

Prime Finance did this as a 2nd mortgage and settled on a caveat in 5 business days. The LVR was around 65%. Valuation was required.