Queensland Residential Properties
Loan Description
Overview
Bridging loan to purchase residential property in North Queensland while awaiting settlement of sale residential property in Queensland.
Amount
$1,033,597
Collateral
First registered mortgage on two properties, director guarantees.
Use of Funds
Purchase of residential property.
Term
3 months
LVR
60% of valuation
Interest Rate
11% per annum
Date
17 May 2018
Status
Completed
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Size
$1,033,597
Indicative Interest Rate
11% per annum
Date
17 May 2018
Status
Completed