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