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Sydney Cash-Out Development Site Loan

Sydney Cash-Out Development Site Loan

Loan Description

Overview

Cash-out of a development site

Amount

$1,000,000

Collateral

First registered mortgage on property, director guarantees

Use of Funds

Cash-out for other investments

Term

6 months

LVR

80% of valuation

Interest Rate

15% per annum

Date

19 Apr 2018

Status

Completed

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Size

$1,000,000

Indicative Interest Rate

15% per annum

Date

19 Apr 2018

Status

Completed