Equity Release on Farm

QLD Rural Location farm property to cash out for business use

Overview

A broker's existing client desperate needing a emergency fund for existing farming equipment which needed to be replaced urgently.

Applicant is having hard time secure a finance due to the rural location 4816 QLD and previous natural disaster factors.

Finance was provided in short few days after the application was made.

Summary

Rural location ( 4816 QLD ) ⟶ Cash out ( Equity release ) ⟶ resolved the client's business equipment problem

Loan Info
Details
Location
QLD 4816
Loan Purposes
Business capital
Exit Strategy
Refinance to major bank
Security
1st Mortgage on Farm
Property Value
$1,800,000
Loan Amount
$200,000
Loan Term
6 Months
LVR
11.10%
Payment Type
Capitalised
Settlement Turnaround
5 days
Our solution
We consider all property type and location With our #1 equity release product, we are able to free out the required fund for the client to use.