Prime Finance’s Weekly Scenario | Second Mortgage For Incomplete Development

By March 21, 2018Second Mortgage
Prime Finance’s Weekly Scenario
Short Term Loans

Scenario:

Prime Finance was approached by a broker who had a client who needed short term funding of $750,000.00 for 6 months on an incomplete development site at lock up in Fremantle WA.

Solution:
Prime Finance did this as a second mortgage and settled in 7 business days. The LVR was around 70%, as is and on completion 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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