Prime Finance was approached by a broker who had a client that needed short term funding for 12 months to pay off debt. The client’s arrears on his 1st mortgage was over $50,000, a tax debt of $150,000 and a further $25,000 in business debt.
Prime Finance did this as a 2nd and settled on a caveat within 7 business days. The LVR was around 75%.
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