We were approached by a developer who had recently entered into an Option Deed to purchase a development site upon the approval of the DA for 47 lots. He was hoping to finance the purchase through his existing lender but as the settlement deadline was to occur in only a weeks’ time and the lender required extensive valuations to be completed, he had concerns the funds wouldn’t be available in time.
Tags: Urgent Finance, Land Banking, in-house property experts, Short term finance, short term loan, settlement
Some business owners will be familiar with the reality that your outstanding GST and PAYG obligations do not go on holidays over the silly season.
As February draws closer we are seeing an influx of clients looking for working capital to assist them with their outstanding tax obligations.
Tags: Working Capital, Urgent Finance, Short term finance, short term loan
During the break, we lent $3 million to a client who needed the funds for working capital. Surprisingly, this Borrower had over $20 million in assets.
He simply couldn’t unpick the shackles from his bankers hands to get the deal done.
Tags: Urgent Finance, Short term finance, short term loan, banks closed
WE FUNDED A CLIENT $120,000 TO TAKE ADVANTAGE OF AN OPPORTUNITY
A client approached Secured Lending for urgent funds to take advantage of an investment opportunity for their company.
The client had recently sold his investment property, however, settlement was six weeks away.
Tags: Urgent Finance, Short term finance, short term loan, bridging loan, opportunity, settlement, investment property
WE FUNDED $3.5 MILLION WITHIN 24 HOURS TO SETTLE A PROPERTY. THE BORROWER WAS JUST SICK OF PLAYING THE WAITING GAME.
A broker approached us with a client who had been back and forth with a traditional lender for a month.
The client needed to urgently settle on a property in Sydney’s Inner West, however, the bank had been delaying the process due to the bank’s requirements.
Secured Lending was called upon again after one of our competitors, who was lightening in their speed in putting out a term sheet but unfortunately everything else was snail like.
Tags: Urgent Finance, in-house property experts, Short term finance, short term loan
We were approached by an accountant for urgent funding as his client was served with a winding up notice for an outstanding debt owed to the ATO.
Tags: in-house property experts, winding up notice, default notice, outstanding tax debt, ATO, Short term finance, short term loan
Our Borrower was due to settle on a development site with a DA. He had thought that he had the funding in place, but 24 hours before settlement, the Lender confessed they will not be ready and delayed settlement.
Tags: Urgent Finance, Delayed Settlement, Land Banking, in-house property experts, Short term finance, short term loan
A Sydney based developer had some cost over runs and needed a a cash injection of $750,000 to meet such costs which their bank would not provide.
Tags: Working Capital, Short term finance, short term loan, cash injection