Bridging Loan

Clients needing a cash out from existing property in Strathfield NSW 2135 to supply business operating cash flow.

Overview

Broker approached us with the clients needing a cash out from existing property in Strathfield NSW 2135 to supply business operating cash flow. The clients cannot get bank finance because they are unable to satisfy traditional banks’ serving requirements. (The business started only 6 months)

Maxiron Capital was quickly able to supply finance solutions and helping ease clients’ cash flow pressure. The clients were able to keep the business moving.

Summary

Loan Info
Details
Property Location
Strathfield NSW 2135
Loan Purposes
Business operating cash flow for Import& Export business
Exit Strategy
Property Refinance
Security
1st Mortgage on Residential Property
Property Value
$1,985,000
Offered Amount
$1,588,000
Loan Term and Payment Type
6 months with IO
LVR
80%
Setup Cost
2%
Settlement Turnaround
3 days
Our solution
We consider all property types and location. Current property had an 80% LVR, Maxiron Capital have approved a higher cash out amount meeting client's expectation and helping ease clients’ cash flow pressure. The clients were able to keep the business moving.