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.

Broker reached out about refinancing 5 facilities to Maxiron under 1 umbrella. After the broker struggling to find a lender willing to take on all securities and taking on a loan amount of this size, After valuations were completed on all properties, 1 valuation came back lower and effected the cash out to the client. As we are customer focused and think outside the box, we increased all LVRs on all securities to make sure the client is satisfied and did not have any shortfall. Settlement 48 hrs after the discharge forms were signed by the client.

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 responce, 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 that we are able to settle it in just 4 days. The application was received and approved within the 1st day, the client reviewed and signed back the offer letter the 2nd day. The client was able to signed the contract with the solicitor on the 3rd day. To conclude, we reviewed everything and issued funds on the 4th day.

Broker required to refinance existing Private loan to a new Facility for a short-term loan whilst he finalised the construction facility. The issue though is that we had 2 weeks to pay out the existing Private loan or the client would have faced 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 valuation paid and ordered immediately. 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 both the client’s requirements and deadlines.