First Mortgage for Medical Clinic in Tahmoor

 

Prime Finance’s Weekly Scenario
First Mortgage for Medical Clinic in Tahmoor
First Mortgage for Medical Clinic

Scenario:

Prime Finance was approached by a broker who had a client who needed short term funding of $500,000.00 for 4 months to finish off a medical clinic in Tahmoor NSW.

Solution:
Prime Finance did this as a first mortgage and settled in 2 business days. The LVR was around 55%, Exit strategy pending unconditional contract with settlement due in 4 months, valuation not required. Settled on contract price.
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