Loan Amount
$592,000
LVR
70%
Security Location
Brunswick, VIC 3056
Interest Rate
9.50%
Establishment Fee
2.00%
Loan Term
9 Months, 6 Months Minimum
Exit Strategy
Sale of the security property upon the completion of the improvements.
Why was the Sponsor unable to obtain bank finance?
The security property was considered uninhabitable and fell outside of the traditional banking channels policy.
Timeframe
2 weeks to settle upon receipt of the signed Conditional Approval.