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What is an Special Purpose Vehicle (SPV)?

A special purpose vehicle (also known as SPV) is where by a company is set up that is used to represent the individual borrower and/or any other potential investors, for the acquisition of the property. In some cases, it can be beneficial to use a SPV to help alleviate taxes and minimise risks.

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What is the sum of 1 and 5?

Just to let you know that we did complete the deal earlier today after 5 months of effort. A thank you to all at Charleston for your help and persistence with this matter.