Recent Transactions

Short Term Finance

Posted at August 19, 2014 | By : | Categories : Recent Transactions | 49 Comments

Purpose of Loan: To fund an ATO debt within a timeframe of 2 weeks using residential property as security, 2nd mortgage security was offered, which was secured behind a 1st mortgage loan limit of $2,000,000

Loan Limit: 2nd Mortgage – $790,000

LVR:  2nd Mortgage – 80% of the Value of the Security Properties

Loan Term: 4 months

Facility Type: Short Term Facility

Interest Rate: 16.95%