A six-level commercial office building in Auckland CBD. A commercial property loan was provided to assist with the purchase of the property. Settlement occurred within just 48 hours of receiving the loan application enabling the client to avoid penalty interest and default action. Repayments were on an interest only basis. No valuation was required.
| Loan: | $7,200,000 |
| End Value: | $10,500,000 |
| Loan-to-value: | 69% |
| Term: | 3 months + extension |