$2.0M approved same day, settled before Christmas
"A once-in-a-lifetime acquisition, a pre-Christmas deadline, first-time private lending clients."
A couple introduced by an experienced broker had the chance to buy a large, dated luxury home in Toorak well below market. The overseas owner needed settlement before Christmas, leaving only days, and the couple had no prior experience with private lending.
Time, not credit quality, was the constraint. Traditional lenders require weeks of processing, a five-day settlement window was simply incompatible with their processes.
Solution: $2,000,000 first mortgage, assessed and approved the same day, settled within 5 business days. No minimum interest, no early repayment penalties and a competitive interest rate.
Outcome: Settled on the day our office closed for the year. The couple refinanced to a mainstream lender four months later, exactly as planned with no surprises.