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Case Studies
Location: Kempsey, NSW
Loan Amount: $820,000
Term: 3 months
Security: 1st Mortgage
Overview: Clients purchased a residential house and need funds urgently as financial report and tax return has not been finalized . Using equity in other 2 properties, client is about to borrow 100% plus stamp duty of the property and the overall LVR is 70%.
Exit: Refinance to a bank
Location: Lawnton, QLD
Loan Amount: $805,000
Term: 12 months
LVR: 70%
Security: 1st Mortgage
Overview: Clients purchased a residential house with a large piece of land. She plan to subdivide it into 4 lots. The lots will be sold to repay the loan within 12 months.
Exit: Individual lot sales
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