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Hurstville Units Settlement Loan

Hurstville Units Settlement Loan

Loan Description

Overview

Bridge loan to settle on purchase of unit in same apartment complex

Amount

$600,000

Collateral

First Registered Mortgage, Director Personal Guarantee

Use of Funds

Settlement of property purchase

Term

24 months

LVR

Up to 50% of Collateral Value

Interest Rate

BBSW+700bps

Date

27 Dec 2022

Status

Completed

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Size

$600,000

Indicative Interest Rate

BBSW+700bps

Date

27 Dec 2022

Status

Completed