Bridging loans

Bridging loans

Merrick Malouf Merrick Malouf

Merrick Malouf

Managing Director & Founder | Lender for business loans, caveat loans,1st and 2nd mortgages.

发布日期: 2016年6月22日
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A sum of money lent by a lender to cover an interval between two transactions, typically the buying of one house and the selling of another. Waiting to sell an existing property, but found the perfect ' next' property? There is a way to ' bridge' the gap. A bridging loan may also be used to purchase an investment property with the loan repaid when the investment property is refinanced.

 Bridging loans 1st & 2nd mortgage loan/caveat loans

 Bridging loans are no longer than a 12 month period

 

 Prime Finance Bridging loans product guides residential/business purpose

 

  1. Loans up to 1 million dollars
  2. LVR up to 80% of as is value(terms and conditions apply)
  3. Rate mortgage/caveat loan rate is 1% to 2% per month

 

Prime Finance Bridging loans securities

 

  • Residential properties in metropolitan areas
  • Rural / Residential properties (population over 50,000)
  • Commercial properties
  • Industrial properties
  • Vacant Land (in metropolitan areas only, LVR up to 75%)

More info click PRIMEFINANCE 

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