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.
