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Urgent Caveat Loan for Fast Settlement
72-hour turnaround caveat loan to prevent a lost deposit on a premium coastal acquisition.
Transaction Overview
A borrower risked losing a substantial non-refundable deposit on a premium commercial asset in Lennox Head due to a sudden withdrawal by their primary incoming lender. We deployed a $4.2M caveat loan within 72 hours, secured by a second mortgage over multiple cross-collateralized assets, saving the transaction and giving the client 6 months to arrange standard long-term financing.
Key Metrics
Loan Amount
$4,200,000
Interest Rate
16% p.a.
LVR
75%
Location / Asset
Lennox Head
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