Upper North Shore, NSW
A repeat borrower was urged to settle a property purchase contract within two weeks. If the borrower did not settle in time, they were at risk of losing their 10% deposit. In order to make up the shortfall for the settlement, Vestyn Capital promptly offered a quick funding solution by taking both the new purchase property and the borrower’s residential house as security with a combined LVR at 56%. The settlement was completed before the deadline.
Value: $3,900,000
Loan: $2,200,000
LVR: 56%
Loan Term: 12 months
Loan Type: First Mortgage
Status: Settled
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