Sydney and Tasmania Residential Property
Loan Description
Overview
Cash-out on Sydney property and investment purchase of Tasmania property
Amount
$1,840,000
Collateral
First registered mortgage on the properties, director guarantees
Use of Funds
Repay bank lender, purchase Tasmania property, cash-out to borrower
Term
12 months
LVR
72.5% on Sydney property, 60% on Tasmania property
Interest Rate
13.2% per annum
Date
24 Aug 2017
Status
Completed
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Size
$1,840,000
Indicative Interest Rate
13.2% per annum
Date
24 Aug 2017
Status
Completed