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Sep
30
2011

Nova Short Term Solutions

Short Term Second Mortgages

What is it?

IF by getting that money NOW; you can make a lot of money or solve a major problem, a short term second mortgage or bridging finance might be your answer.

Aussie money notes
Creative Commons License photo credit: vagawi 

This is not cheap money, but it often solves a problem. It is designed for a prompt response and, to be in and out preferably in 3 months and no more than 6months.

Interest is always built into the advance and there has to be an identifiable ‘exit’ to the loan, either a settlement, a sale or something that is solid and can be clearly defined.

NBF will always need to know the exit strategy.

As with all NBF loan products they are only suitable for business clients who clearly understand the commercial use of a second mortgage.

Visit www.nbf.com.au

For more information contact jeremy@nbf.com.au

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