Loan Description

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Bridging Finance

Bridging Finance

Loan Description

Overview

Finance required for bridging loan

Amount

$230,000

Collateral

Registered first mortgage & caveat on properties, director guarantees

Use of Funds

Purchase of property

Term

18 months

LVR

75% of valuation

Interest Rate

10% – 14% per annum

Date

13 May 2020

Status

Completed

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Size

$230,000

Indicative Interest Rate

10% - 14% per annum

Date

13 May 2020

Status

Completed