Case Study 3: Bank Rescue

Funding Requirement

Refinance of a bank first mortgage where mortgagee sale proceedings had commenced and to allow time for an orderly sell down of the Auckland based residential properties. Repayment to be made via settlements.

Loan Amount                             $1,500,000

LVR                                               66%

Interest Rate                               7.95% per annum

Interest Payment                       Paid monthly

Term                                             6 months

To discuss your requirements further contact:

Bruce
McGhie

Bruce McGhie

Phone +64 (9) 918 5839
Mobile 021 912 006
bmcghie@cressida.co.nz

Nigel
Staples

Nigel Staples

Phone +64 (9) 918 5842
Mobile 021 687 848
nstaples@cressida.co.nz

Marty
Shepherd

Marty Shepherd

Phone +64 (9) 918 5851
Mobile 021 715 200
mshepherd@cressida.co.nz