Short Term Funding for Construction

By May 7, 2020Finance
Short Term Loans

Scenario:

Prime Finance was approached by a broker who had a builder needing short term funding of $1,750,000.00 for 4 months on a house and land package in NSW.

Solution:

Prime Finance did this as a 1st mortgage and settled within 4 business days. The construction of the dwelling will be done in several drawdowns. The LVR was around 65%. Valuation was required.

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