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
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Tags:
Working Capital,
Urgent Finance,
Delayed Settlement,
ATO,
opportunity,
the secured lending difference
We advanced $3 million to refinance a Private Lender.
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.
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Tags:
Urgent Finance,
Short term finance,
short term loan
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.
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Tags:
Urgent Finance,
Short term finance,
short term loan
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.
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Tags:
Urgent Finance,
Short term finance,
short term loan
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.
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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
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Tags:
Urgent Finance,
Land Banking,
Short term finance,
liquidation,
Subdivisions
We funded a client $750,000 to purchase a business in liquidation.
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.
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Tags:
Urgent Finance,
Short term finance,
short term loan,
liquidation
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.
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Tags:
Urgent Finance,
Land Banking,
in-house property experts,
Short term finance,
short term loan,
settlement
A working capital injection could be the answer your business is looking for
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.
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Tags:
Working Capital,
Urgent Finance,
Short term finance,
short term loan
WE FUNDED $3M DURING THE FESTIVE BREAK
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.
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Tags:
Urgent Finance,
Short term finance,
short term loan,
banks closed