Prime Finance’s Weekly Scenario | Second Mortgage For Development In Sydney

By March 21, 2018Finance

 

Prime Finance’s Weekly Scenario
Second Mortgage For Development

Scenario:

Prime Finance was approached by a broker who had a client who needed short term funding of $550,000.00 for 6 months to pay out the building contract on a development site in Sydenham NSW.

Solution:
Prime Finance did this as a second mortgage and settled in 7 business days. The LVR was around 75%, a 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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