Private Banks

Not all lenders will make a deal for a large mortgage. On these occasions, our experts at Sherwood Finance will scour our network of lenders to find international private banks that may work with you instead.

 

These lenders offer sizeable sums at competitive prices and are perfect for overseas investors. These banks, because of the opportunities on offer, quickly accepted borrowers with international properties. Dedicated support, smooth service, the best interest rates, and lending terms, and more are often available to these types of borrowers.

Since these companies are international, they know how to work with the local customs of investors from around the globe, making it even easier for someone who has income streams from abroad. So, often the best choice for those international-based investors outside of their current country of residence.

CASE STUDIES

A re-mortgage on vacant land near Airlie beach.

• Security details

The client owned unencumbered land, covered with trees near Airlie beach and not connected to any services.

• Key points

The less diverse economy of rural areas reduces the potential for lending terms and policies.

• What did the client want?

The client had difficulty sourcing a lender that would take the unusual real estate for security, and he wanted to fund.

• What did we do?

We coordinated the valuation after the client agreed to our terms of engagement.

• Difficulties along the way

The remote location caused issues for reporting the valuation.

• The end results

The loan was funded and was repaid within twelve months from settlement and led to referrals from the client.

• 50%
• 9%
• 12-month term

Refinance at a hotel in London.

• Property details

They tasked us with assisting an individual in refinancing their luxury hotel development in London.

• What did the client want?

They were hoping to find a better loan term than their current bank gave them.

• Difficulties along the way

The hotel was a recent development and hadn’t been open to guests for long. Because of this, many banks were sceptical of the client’s ability to repay their loan. To make matters worse, the fluctuation of the economic landscape in the UK had harmed the client’s credit.

• What did we do?

We searched around for the ideal lender – one that our client had not yet engaged. The lender had the best rates available and a chance to have a strong business relationship, suitable for getting excellent terms for the client’s future investments.

• The result

We negotiated for a capital raise at 60% LVR, allowing the client more freedom for their future on developments for the property. We secured a rate of 5% over 5 years for a 10-year term.

• LVR: 60%
• Rate: 5% fixed loan for 5 years
• Term: 10 years

A re-mortgage on a self-built property.

• Property details

The property was self-built and had 5 bedrooms. It was a detached and unique property, but it repelled most lenders, a timber frame, and SIP panels.

• What did the client want?

The client was self-employed and wanted to re-mortgage and repay a family member who had loaned them money to finish the property. So, they wanted as much as they could borrow.

• Difficulties along the way

Although lenders only used her salary, our client’s wife was a 23% shareholder. They used the client’s new profits and their latest year’s salary, which allowed us to maximise the loan amount. A flexible approach was the key to our success.

• What did we do?

We could prove the client’s ongoing expenses were lower than usual. we introduced a lender who understood and was happy to work with our client.

• The result

We maximised the loan amount, resulting in an interest-only deal with 6x income.

• LVR: 50%
• Rate: 2.85% 2-year discountable variable rate (interest only)
• Term: 25 years

CASE STUDIES

• Security details

The client operated a manufacturing company in regional South Australia, and they offered outstanding debtor invoices, known as factoring.

• What did the client want?

The client was experiencing cash flow issues because of his creditors delaying overdue payments. As a result, he was looking for a solution to cover a shortfall in cash flow.

• Key details

The most ancient form of lending. In either export or inventory financing, borrowers will need to give details of purchase orders to support their loan submission.

• Difficulties along the way

The lender asked for specific accounting information that was not readily available, which created delays and caused frustration for all involved.

• What did we do?

We interacted with the client’s tax advisors to collect the relevant documents.

• The end results

The lender approved finance, and our help changed their business for the best.