Bridging Loan

There are specialist lenders that offer financing outside of standard mortgages that most people are not aware of, they are only accessible through experienced brokers.

We can secure lending on a property for any legal reason. There are many reasons you should with elite lenders. For example, a bridging loan can allow an individual to buy a property before selling another (or finding another way to get cash fast to pay the tax bill). Another great choice is development finance, which allows investors to get the funding for property works.

CASE STUDIES

Bridging Loan in Sydney central business district

• Property details

Within Sydney’s central business district and nearby the cobbled streets of the rocks, the real estate was on a historic road, with proximity to major infrastructure and entertainment venues.

• What did the client want?

The refusal stranded the purchaser just days before the settlement date. He was heading towards legal and financial trouble.

• Difficulties along the way

After submitting the application, the lodgement of a hefty court judgement alerted the lender on the borrower’s credit file

• Key points

Several specialists are bridging lenders out there. Many can offer funding outside the traditional mortgage, only available through the best finance brokers.

• What did we do?

We introduced a specialist lender that prides itself on being efficient in quick settlements.

• The end results

We settled the transaction one day after the scheduled date. Because we facilitated bridging finance, they incurred increased costs. But the clients understood, and we refinanced them into standard mortgage terms after the court judgment.