Loan Amount
$626,500
LVR
75%
Security Location
Falcon, WA 6210
Interest Rate
8.99%
Establishment Fee
1.25%
Loan Term
6 Months
Exit Strategy
Sale of the security property upon completion of renovation.
Why the client was unable to obtain bank finance?
The client could not meet the bank's stringent servicing criteria and sought a shorter-term prepaid facility.
Timeframes
3 weeks to settle upon receipt of the signed Conditional Offer.