Overseas borrower,
cash out on commercial

Cashout on a Commercial property for operation use in Kangaroo Island SA

Overview

Solicitor approached Our Lending manager on behalf of a overseas investor client, client wanting to cash out on current commercial Hotel property in kangaroo Island ( postcode 5223 SA). Needing a short term cashflow to pay for other business running cost due to COVID, with the current Australian dollar on the rise. Client can gain faster and much more cost effective funding through Maxiron Cash out ( equity release ) rather overseas currency converted fund.

Summary

Cash out for business operation ⟶ Fast turnaround 4 business days ⟶ Flexible term adjust to business | Prevent further loss in interest Cost

Loan Info
Details
Location
Adelaide 5223
Loan Purposes
Cashout from rural commercial suburb
Exit Strategy
Business income/refinance
Security
1st Mortgage on Rural commercial property
Property Value
$3,800,000
Loan Amount
$500,000
Loan Term
5 months loan period (option to extend )
LVR
75%
Payment Type
Capitalised
Settlement Turnaround
7 days
Our solution
No citizenship or resident requirement. Zero Postcode restrictions allows client to have the flexibility to cash out anywhere on any property type. Cash out settled in 4 days to meeting the clients urgency.