Prime Finance’s Weekly Scenario

By January 25, 2018Second Mortgage

 

Prime Finance’s Weekly Scenario
Prime Finance was approached by a broker,

Scenario:

Prime Finance was approached by a broker who had a client that needed short term funding of $450,000.00 on a residential loan, the dwelling was 55% complete in Ringwood, VIC.
Solution:
Prime Finance did this as a 2nd Mortgage and settled in 5 business days on a caveat. The LVR was around 72%; 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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