Refinance other private lenders

Refinance current private lender mortgage O/O property with better rate and term + Cash out for business use

Overview

Client has an existing mortgage under company name with a non-bank lender LVR of 68%, and requires urgent business funds to replace business equipment. Due to lender policies, client was not able cash out additional funds for business use.

Summary

Loan Info
Details
Location
Castle Hill, Sydney
Loan Purposes
Refinance current private lender for better rates and terms
Exit Strategy
Refinance with banks
Security
1st Mortgage
Property Value
$1,400,000
Loan Amount
$1,050,000
Loan Term
12 months loan period (option to extend)
LVR
75%
Payment Type
Capitalised
Settlement Turnaround
3 days
Our solution
Refinance private mortgage and extend loan term to 12 month period (optional: extension if required) with a discounted rate. In addition, cash out for business purchase to the total amount of 75% LVR. Case was settled within 5 days of initial application.