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
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