$1.63M for an investor the banks found too complex
"Strong track record, solid asset, but existing exposures made traditional lenders difficult to work with."
An experienced property investor needed a short-term cash injection to progress a broader investment strategy. The borrower had a strong track record and a vacant development site in Melbourne's north-east, but existing exposures across multiple projects created complexity.
Existing debt exposures across multiple projects created complexity that traditional lenders were unwilling to navigate. Standard serviceability models didn't reflect the borrower's actual position or capability.
Solution: $1,630,000 facility secured against a vacant development site in Melbourne's north-east, refinancing an existing private lender with a 12-month term, conservative LVR, and a clear exit strategy.
Outcome: Settled and funded on the borrower's timeline. The facility gave the borrower the flexibility to progress their broader strategy without being constrained by conventional lending timelines.