South Sydney Apartment Bridge Loan
Loan Description
Overview
Release of equity for borrower
Amount
$2,500,000
Collateral
1st Registered Mortgage, GSA Borrower Entity, Director guarantees
Use of Funds
Business working capital
Term
6 months
LVR
Up to 75% of Valuation pre finance costs
Interest Rate
12.0% per annum
Date
22 Dec 2020
Status
Completed
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Size
$2,500,000
Indicative Interest Rate
12.0% per annum
Date
22 Dec 2020
Status
Completed