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

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.
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