Case Study 6: Residential Bridging Finance

Funding Requirement

To refinance a recently completed new home to release working capital and allow time for the marketing and sell down of the property. Repayment to be achieved via the sale of the property.

Loan Amount                               $1,275,000

LVR                                              49%

Interest Rate                                7.25% per annum

Interest Payment                         Capitalised to the loan account

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