Case Studies

The client had previously engaged multiple private lenders for assistance with refinancing and cashing out but was unsuccessful due to the high Loan-to-Value Ratio (LVR) and the nature of the high-end properties involved. Consequently, the broker overseeing the client’s case presented us with this complex scenario. Facing numerous challenges, Maxiron Capital’s dedicated lending executive and risk team worked tirelessly to surmount these obstacles. After three weeks of concerted effort, we successfully formulated a solution that met the client’s requirements and achieved the desired outcome.

The broker reached out about refinancing five facilities to Maxiron under one umbrella. After the broker struggled to find a lender willing to take on all the securities and a loan of this size, valuations were completed on all properties. One valuation came back lower and affected the cash out to the client. As we are customer-focused and think outside the box, we increased the LVRs on all securities to ensure the client was satisfied and did not experience any shortfall. The settlement in 48 hours after the client signed the discharge forms.

The broker reached out to get a 2nd mortgage for his builder client who needed to pay salary to his workers urgently in one week. We accepted the property as security and went beyond to perform the desktop valuation even though it is not within the Metro area. The client was pleased with our response, immediately booked an appointment with the solicitor and went to the office to wait for our contract to be issued. Everyone was fully switched on the contract so we were able to settle it in just 4 days. The application was received and approved within the 1st day, and the client reviewed and signed back the offer letter on the 2nd day. The client was able to sign the contract with the solicitor on the 3rd day. To conclude, we reviewed everything and issued funds on the 4th day.

The broker was required to refinance an existing private loan to a new facility for a short-term loan while finalizing the construction facility. The issue was that we had only two weeks to pay off the existing private loan or the client would face massive penalties with the current lender. From the time we received the application, the client had a letter of offer within 24 hours, which was signed, and the valuation was paid and ordered immediately. The valuation returned lower than expected, so we negotiated with the broker and increased the LVR to assist in any shortfall. Once agreed, contracts were out within 24 hours, signed by the client the next day, and settled the day after, satisfying the client’s requirements and deadlines.

The client needs an equity release from the existing property in Strathfield NSW 2135 to supply business operating cash flow. The client could not get bank finance because they were unable to satisfy traditional banks’ service requirements.

The overseas investor needs a short-term cash flow to pay for other business running costs due to COVID.

The borrower was presented with an opportunity to invest in a long-term fixed-profit guarantee property. The current rural property has a fixed leased contract, with a major energy company and a high yearly yield return. The client was not able to secure finance through traditional banking due to the unique rural location.