$925,000 first mortgage private loan secured against property located in Cherrybrook in Sydney for the purposes of refinancing existing loan and obtaining additional funds to complete construction on another property. Approximately 35% leverage. - Desktop valuation only.
The borrower required a private loan as the construction project costs increased resulting in the borrower requiring additional funds in a timely manner to continue the construction.
Assurity Capital is a non-bank lender providing private lending and private loan solutions.
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