Partly completed site – finished thanks to Secured Lending.
A Melbourne based developer had some cost over runs on a partially complete development site and needed a cash injection of $1,250,000 to meet such costs.
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 $1,250,000 which was secured by a second mortgage on the directors personal property and a caveat on the development site.
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.
If you want to chat through any scenarios please contact Gino Tabila or Mark Hutchins on 0416 798 187 or 0427 277 162 respectively to discuss a scenario or email your client’s requirements through to info@securedlending.com.au and we will get back to you quickly.
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