Business Purchase

Client required funding to buy a new commercial retail (next to the clients existing commercial retail)

Overview

The client required funding to buy a new commercial retail (next to the clients existing commercial retail) to expand the business with little cash low in the first stages, but a strong property portfolio.

The client could not get bank finance as their financials do not satisfy traditional banks’ servicing requirements. As the rental income from the security property provided sufficient debt servicing, Maxiron Capital was able to arrange the loan with Equity Release on First Mortgage Solution.

Summary

Loan Info
Details
Property Location
QLD Metro
Loan Purposes
Settlement of a new business property
Exit Strategy
Business Income
Security
1st Mortgage on Commercial Property
Property Value
$2,200,000
Offered Amount
$1,500,000
Loan Term
12 months
LVR
68%
Our solution
We consider all property types and location. Current property had an 80% LVR, Maxiron Capital supplied an immediate injection of short-term cash through a first mortgage, the client can settle the business property which help improve operations and expand scale of existing business.