A Sydney based developer had some cost over runs and needed a a cash injection of $750,000 to meet such costs which their bank would not provide.
Secured Lending’s team includes direct property development experience and was able to quickly assess the status of the development, costs to complete and likely profitability / headroom in the development. We provided short term finance of $750,000 which was secured by a second mortgage on the directors property.
At Secured Lending, we have a team of in-house property experts who understand the complexities of DA Applications, construction and development sites. Secured Lending can approve loans in a matter of hours and settle in a day.
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