Prime Finance’s Weekly Scenario

By November 27, 2017Finance

 

Prime Finance’s Weekly Scenario
Short Term Loans

Scenario:

Prime Finance was approached by a broker who had a client that needed short term funding of $1,200,000.00 for bridging finance. This was to payout existing 1st mortgagee as the client was 6 months behind in repayments.
Solution:
Prime Finance did this as a 1st Mortgage and settled in 4 business days. The LVR was around 75%; 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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