Pillarview Invest can act quickly!
1 November 2020
South East QLD
Progressively-drawn Construction Loan
We were recently approached by a borrower that had been left at the alter by their existing lender, who pulled out only two weeks before settlement of their construction loan was scheduled, after demanding more presales at the 11th hour.
Our private fund, Pillarview Invest, approved, documented and settled a new construction loan for the Borrower only 12 days after the initial enquiry.
This enabled the outgoing mortgagee’s facility to be repaid prior to expiry, saving the borrower thousands in penalty interest.
|65% of the as-if-complete value, ex GST