What a crazy month it's been here at Secured Lending! It seems like the current demand for private commercial funding has picked up (and in full force) as we have been inundated with loan applications from our ever expanding referral network.
So what have we recently funded in the current crazy funding markets...
Tags: Working Capital, Urgent Finance, ATO, opportunity, the secured lending difference, Construction Finance
Speed and reliability is what brokers are telling us and for these reasons they keep coming back to Secured Lending.
A Melbourne based developer had some cost over runs on a partially complete development site and needed a cash injection of $1,250,000 to meet such costs.
Tags: Urgent Finance, Short term finance, short term loan, partly completed development
It has been a crazy week here at Secured Lending. We have come across Borrowers from all walks of life who are looking to tidy up their finances in preparation for the end of financial year.
With a new settlement every day for the past 7 days, how could we not take the opportunity to bring you 7 LOANS IN 7 DAYS
Tags: Working Capital, Urgent Finance, Delayed Settlement, ATO, opportunity, the secured lending difference
We were approached by a broker as his Client’s existing loan was due to expire in a week.
Notwithstanding earlier representations, the Client was advised by the Lender ‘the investor wants their money back’ (read: we are going to charge you default interest). Both the Client and the Broker knew that if the loan defaults, they will be charged with large default fees and interest.
We were approached to fund a company which had received a winding up application from the Taxation Office.
Secured Lending stepped in and funded the Company secured against the Company’s commercial property and the Director’s investment property.
This client came to us in despair.
The builder had walked off site and trades were owed money, the developer was inexperienced and didn’t have a plan or new builder to finish the build.
The client had wasted months talking to other lenders who promised the world and delivered nothing.
See how Secured Lending helps clients during tax time
This is the time of the year where the two quarterly Activity Statements are due in quick succession followed by Company Tax Returns for the FYE 2017. We are seeing more clients getting caught out on this and in need of a short term loan.
Tags: Urgent Finance, outstanding tax debt, Short term finance, short term loan
Last week was crazy. We funded 6 deals totalling over $20m. The way brokers and borrowers have responded to our approach has been very pleasing.
If you want proof that the formula of speed, integrity, honesty, and property smarts is valued by borrowers and brokers alike then there can be no better example then
Tags: Urgent Finance, Land Banking, Short term finance, liquidation, Subdivisions
Our client wanted to purchase a business from a liquidator and needed a $750,000 cash injection for the purchase and working capital.
We made the funds available secured via a second mortgage over the client's existing investment property in NSW.
Tags: Urgent Finance, Short term finance, short term loan, liquidation