Early Equity Release to fund the next project
A client approached Secured Lending for an urgent equity release to take advantage of the next property development opportunity for their company.
The client had a part-complete development in the Mornington Peninsula VIC, however, they were in the final stages of completion and OC was approximately eight weeks away.
In order for the client to capitalise on this opportunity, we made the funds available through a bridging loan which was secured via a second mortgage over the client’s part-complete site and although this was a complex transaction (where banks would take 3 months to get their heads around), we settled this deal in 48 hours.
Our short-term loans are designed to give clients access to opportunities, where funding is not immediately available from traditional sources of finance, such as banks and other institutions.
At Secured Lending, we pride ourselves on our ability to assess your financial needs on a timely manner and settle your loan in 24 to 48 hours.