Malvern East Bridge Loan to Construction financing
Loan Description
Overview
Bridge to refinance existing private lender
Amount
$1,275,000
Collateral
1st Registered Mortgage, Director guarantees
Use of Funds
Refinance existing private lender
Term
6 months
LVR
Up to 75% of Valuation
Interest Rate
13.00% per annum – interest capitalised
Date
07 Oct 2019
Status
Completed
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Size
$1,275,000
Indicative Interest Rate
13.00% per annum - interest capitalised
Date
07 Oct 2019
Status
Completed