Perth Property Bridge Loan
Loan Description
Overview
Bridge loan against one residential property located in Perth.
Amount
$200,000
Collateral
First registered mortgage on the property, personal guarantees.
Use of Funds
Settlement of property purchase in Perth whilst awaiting payment of settlement from divorce proceedings.
Term
3 months
LVR
70% of purchase price
Interest Rate
3.5% per month
Date
12 Apr 2018
Status
Completed
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Size
$200,000
Indicative Interest Rate
3.5% per month
Date
12 Apr 2018
Status
Completed