Working Capital Finance /
Business Establishment Finance

Clients needing a cash out from existing property in Inner West Suburb of NSW to provide working capital for clients’ start-up finance business.

Overview

Broker approached us with the clients needing a cash out from existing property in Inner West Suburb of NSW to provide working capital for clients’ start-up finance business. The clients cannot get bank finance because they are unable to satisfy traditional banks’ serving requirements.

Maxiron Capital was quickly able to supply finance solutions to the clients. The clients were able to keep the business moving.

Summary

Loan Info
Details
Property Location
Inner West suburb of NSW
Loan Purposes
Finance for business operating cash flow
Exit Strategy
Refinance to major banks or sale of property
Security
1st Mortgage on Residential Property
Property Value
$1,950,000
Loan Amount
$1,462,000s
Loan Term
6 months with 3 months Capitalized
LVR
75%
Setup Cost
2%
Settlement Turnaround
3 days
Our solution
We consider all property types and location. Current property had a 75% LVR, we have approved a higher cash out amount meeting client's expectation.