A SYDNEY PROPERTY INVESTOR REQUIRED URGENT FINANCE TO SETTLE ON A NEW PROPERTY PURCHASE BEFORE BANK FUNDING AVAILABILITY
An unexpected investment opportunity arose leaving the client little time for the lengthy process of obtaining finance through traditional sources. Rather than miss the opportunity DJ Capital funded the purchase using the new property as security against the loan.
Borrower required $890,000 for 3 months to bridge the gap between purchase of the new property and mainstream lenders approval.
DJ Capital Resolution
The Bridging Finance loan was approved and funded within 3 business days allowing the borrow to complete the purchase. The borrower repaid the loan in 2 months after traditional bank funding was approved.
- Term - 3 months
- Exit Strategy – Refinance with Bank Lender
A Sydney property investor required urgen finance to settle on a new property purchase.
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