Loan Against Valuation rather than Purchase Price

Purpose of Loan: To provide a commercial facility against the valuation of a property rather than purchase price

Loan Limit: 1st Mortgage – $611,000

LVR: 1st Mortgage – 65% of As Is value, being 79% of purchase price

Loan Term: 3 years

Facility Type: Commercial Loan

Interest Rate: 5.65% per annum