$2.8M purchase when income checks couldn’t wait
"Strong asset, clear exit, but income verification couldn't wait for traditional channels."
Returning Australian citizen needed to settle on a residential property in Bondi but didn't meet income verification requirements for mainstream lenders. The borrower had a strong asset position and a clear refinance exit, but the timeline couldn't accommodate traditional processing.
The borrower needed a lender who could assess the deal on the strength of the asset and clarity of exit rather than standard income verification. Traditional lenders required documentation the borrower couldn't provide within the settlement window.
Solution: $2,800,000 first mortgage at 60% LVR, with a clear exit path to refinance to a mainstream lender.
Outcome: Settled the acquisition of the property. No minimum interest, no early repayment penalties.