Development site

How we have helped

An Australian based land subdivider and developer required funding of $2.1M to complete the purchase of a development site in Western Sydney.  The borrower required swift and reliable access to funds to meet urgent settlement timings.

A single security property was offered in Sydney’s Lower North Shore.  Interim Finance was able to access the equity in the borrowers property without disturbing the first mortgage allowing for access to quick and cost effective funding.

commercial loan

$2.1M

Loan amount

11.95% p.a

Rate

9 days

Turnaround time

3 months

Loan term
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Commercial Loans
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Australia's mortgage and finance brokers use Interim Finance to fund second mortgages for clients who need a competitive second mortgage, quickly and fuss-free.
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Interim Finance Corporation Limited holds an Australian Financial Services Licence No. 479859
Australian Bridging Finance holds an Australian Credit License No. 452880
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