Granville Residential Bridge Loan
Loan Description
Overview
First mortgage funding in the sum of $720,000.00 is required to assist with the refinance of the existing debt and provide funds for fees and settlement costs
Amount
$720,000
Collateral
First Registered Mortgage, Director Personal Guarantee
Use of Funds
Repay exisiting lender
Term
12 months
LVR
Up to 60% of Collateral Value
Interest Rate
9.0% Per annum
Date
20 Jul 2023
Status
Completed
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Size
$720,000
Indicative Interest Rate
9.0% Per annum
Date
20 Jul 2023
Status
Completed