Melbourne homeowner and land owner with small non-bank mortgage and solicitor caveat required urgent funds in only 3 days. No valuations required due to sufficient equity across properties. Equity Lenders successfully negotiated the lender, the lawyers and settlement on the day. Exit: Owner has loan for 62 days and repays using funds from overseas transfer.
A property developer required an urgent construction loan to develop approved single lot into 8 lots. A private construction loan for 6-months was provided by an Equity Lenders private lender that offered construction loans to 65% of GRV. Exit: Developer engaged the builder to complete 8 villas and was able to presell before the loan repayment date.
A property developer required an urgent equity release on an unencumbered residential home situated on land zoned for development. A loan for 6-months with prepaid interest and fees for 3-months was provided by an Equity Lenders private lender. Exit: Within 6-months the developer secures separate titles enabling higher land values to be achieved and construction finance being secured.
A property developer required an urgent refinance of a partially completed development site. An as-is loan for 6-months was provided by an Equity Lenders private lender to payout existing private lender. Existing loan had expired. Exit: Retention of the development site allowing developer to complete construction and sell apartments and villas at market prices and not at liquidation prices.
A developer had purchased an englobo land site with approvals for several sub-divisions and numerous building blocks. Equity Lenders secured a private loan. Developer required funds to assist with civil works and titling from 1 large lot into 3 smaller lots. Exit: Developer was able to complete the sub-division and use titled lots as new security.
Property developer entered into a purchase contract to buy a land site suitable for construction of 65 villas from the receivers. Equity Lenders secured funding based on valuation. Exit: Secure the land and seek GRV construction funding and sell at market rates.
Two SMSF purchases off-the-plan were due to settle however 2 banks withdrew funding prior to settlement resulting in potential losses of deposits totalling $200,000. Equity Lenders provided 2 short-term private loans. Exit: Loans permitted the settlement of 2 properties ensuring the SMSF trustees didn't lose their deposits and allowing time to secure lower interest rate and longer term loans.
Delayed house sale required a very, very urgent bridging loan to ensure buyer didn't lose $100,000 deposit. Equity Lenders arranged a loan without valuations - instead lender secured their loan by caveats and personal property. Exit: Purchaser settled on the deadline, didn't lose the $100,000 deposit and had several months to secure a new home loan and sell the original home.
A small business operator had a very high interest rate 2-month business loan that was both unsustainable and unaffordable. Equity Lenders provided a lender with half the interest rate and for a longer loan term of 5 years. Exit: Loan can now be repaid from business cashflow and shopkeeper can live again.
Land developer had entered into a favourable land purchase to sub-divide and make available 11 blocks. Total sub-division when completed releases 50 lots. Being both a favourable purchase and Tasmanian location, purchaser experienced difficulty in securing finance. Equity Lenders provided a lender with a 6-month loan to enable the property developer to complete the sub-division and create new equity. Exit: Sub-divided blocks have increased value resutling in traditional loans being used to repay short-term loan.
Homeowner of prestige property required short-term funds to avoid having forced sale that could reduce property sale value. Homeowners did not want to accept low offers simply becuase they had to. Equity Lenders assisted the homeowner with a loan that capitalised the loan repayments and fees without a valuation or any payment up-front. Exit: Homeowners were able to market their home without urgency and ensured the highest possible sale price was achieved.
Commercial Retailers required urgent funds to assist with business expenses and were unable to be assisted by their banks. Equity Lenders provided a loan for several months with prepaid interest and fees without valuation. The owners received their funds within days of the initial phone call. Exit: New funds saved the day. Business cashflow will repay their loan.
Homeowner with unencumbered property required funds to purchase prestige car. Loan was for 2-years with no repayments required until discharge. Fees and interest were capitalised into the loan. Homeowner was not in business and loan was for code purposes. As homeowner is an international student, Equity Lenders was able to assist with a lender. Exit: Homeowner was able to purchase the car, make no repayments during the term and did not require a traditional car loan with repayments that he would be unable to make.
Homeowner required urgent funds for 6-months with capitalised fees and interest. Had been to other brokers and lenders that weren't able to assist. Equity Lenders was able to provide the loan for 6-months using BYO valuation. Exit: Homeowner is able to utilise the funds for business purposes and refinance their 2 loans with a bank or non-bank lender at the lower interest rate.
Homeowners sub-divided their existing block from 1 to 2 lots and significantly increased their combined values by $330,000 before costs. Purchased a building block for their new dream home and required a vacant land loan. Equity Lenders was able to secure a loan to purchase and settle the new lot, provide 2nd mortgages against existing properties and have additional cash to complete the sub-division works. Exit: Owners will complete the sub-division and sell off the excised lot. Surplus funds from sale proceeds will enable the owners to build their new home without a loan.
Homeowner is preparing investment property for sale and was seeking private funds to pay for renovation work, interest expenses, marketing expenses and incidentals. Wasn't a company director, didn't have an ABN, wasn't in business and lived from rental income and investment dividends. Equity Lenders was able to provide a non (NCCP Code) loan from a private lender that included interest and fees. Exit: Owner was able to undertake the renovations and market the property without being forced to accept any offer.
Property owner and sole-trader was wanting to grow the business and consolidate debts. Approached his bank and other banks only to be advised they were unable to assist due to insufficient trading financials. Required funds for 12-months to prepare financials and refinance to the lower interest rates. Equity Lenders provided a business loan to allow a trading repayment history. Exit: Property owner accessed the equity in the home, consolidated debts and increased cashflow as a direct result of a new working capital injection.
Homeowners and small business owners preparing family home for sale and seeking private funds to pay for marketing expenses and incidentals. Equity Lenders was able to provide a bridging loan from a private lender that included interest and fees. Exit: Owner was able to market the property without being forced to accept any offer.
Property owner and private home builder required urgent funds to complete a number of homes under construction. Approached their bank and other banks only to be advised they were unable to assist due to insufficient trading financials. Required funds for 12-months with included interest and fees to complete the outstanding work. Equity Lenders provided a business loan to allow works to be completed. Exit: Property owners accessed the equity in their family home, completed the outstanding works on each of the homes under construction and will use the settlement proceeds to repay the private loan against their home.
Homeowners required urgent funds for 6-months with capitalised fees and interest to build new specialised machinery that will improve their business by taking on more orders. Equity Lenders assisted with a lender that provided a loan for 6-months. Exit: Homeowner was able to purchase materials and build new equipment that enabled more orders to be accepted. Cashflow was sufficent to payout the private loan.
Homeowners had accepted a high interest rate 2nd mortgage for 60 days to satisfy an urgent requirement. Were seeking additional funds, lower interest rate and longer term. Funds were used to complete construction works in the builders business. Equity Lenders provided a lenders loan product to payout their existing high-rate loan with a 12-month lower interest rate loan and provide much needed additional cashout from remaining equity. Exit: Homeowners were able to apply the surplus cash to their business in addition to the saved interest due to the lower interest rate.
Homeowner secured a favourable land purchase and required urgent funds by equity release. Property was unencumbered and loan required was for 3-months including interest and fees. Funds would enable a purchase contract to be progressed. Significant profits were available. Exit: Purchase of land completed, lots sub-divided and ready for sale to repay existing loan with leftover profits.
Small business owners urgently required funds for their florist business. Were leaving for overseas on the weekend and had to sign loan agreements before departure. Equity Lenders provided a lender that in 2 days valued their home, approved their loan, ordered loan agreements and settled their loan 2 days later. Exit: In 3 months the business owners will refinance to a traditional lender
Major land developer required a refi of existing private 1st mortgage loan together with additional funds secured by a 2nd mortgage. Security of vacant land that was suitable for a number of sub-divisions with a range of different buyers and contracts. Equity Lenders was selected as the loans required were significant and capability and capacity was demonstrated. Two loans are to be provided to enable the sub-divisions to progress. Exit: Property developer was able to complete the sub-divisions and attend to the various contracts from blue-chip buyers.
Importer with small mortgage on home required a payout of existing bank loan and cashout to pay for containers of imported stock. Had contracts to purchase stock upon entry. Traditional lenders wouldn't look at the application. A private lender had offered assistance however interest rate was quite high. Equity Lenders was able to assist with a private loan at half the interest rate and lower fees. Exit: Homeowner was able to pay for the stock and satisfy the various customer contracts. A win-win for all concerned.