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
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