Western Sydney Land Financing
Loan Description
Overview
Site acquisition bridge loan on plot of land in Western Sydney.
Amount
$262,000
Collateral
First registered mortgage on the property, personal guarantees.
Use of Funds
Settlement of property purchase in Western Sydney with back-to-back sale agreement to exit.
Term
3 months
LVR
70% of valuation
Interest Rate
11.95% per annum
Date
14 Feb 2018
Status
Completed
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Size
$262,000
Indicative Interest Rate
11.95% per annum
Date
14 Feb 2018
Status
Completed