Prime Finance’s Weekly Scenario | 60 day residential bridging loan Brisbane

By March 21, 2018Finance

Short Term Loans

Scenario:

Prime Finance was approached by a broker who had a client needing a 60 day residential bridging loan of $250,000.00 to settle on the purchase of a property in Brisbane, QLD.

Solution:
Prime Finance did this as a caveat over 2 properties, cross collateralised and settled in 7 business days. The LVR was around 75%. A valuation was required for one property, a contract of sale was used for the other.
Visit our website or send scenarios to [email protected] and find out how we can help your clients.

 

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