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