Receivers Retired

19 January 2023

★★★★★Over $500 million in business loans facilitated

Experts in complex lending and strategic, short-term finance

Have Receivers been appointed? Can your current lender provide you with speedy solutions?

Secured Lending was approached by an Insolvency Practitioner who was advising the Director to assist with a short term bridging facility to allow for an orderly sale of a property.

Due to COVID, the Borrower had incurred significant trading losses and was unable to meet their ATO obligations and service an existing business loan. The Borrower had approached the Bank to sell the assets under their own steam but the Bank appointed a Receiver. Knowing the Receivership would impact any asset sale campaign and mindful of receivership costs, the Borrower and Insolvency Practitioner approached Secured Lending as they were seeking speed and certainty.

Secured Lending was able to provide funding of $6.4M to payout the existing mortgagee and retire the appointed Receivers. Secured Lending took a first mortgage security over two commercial units allowing a sale process to proceed.

Fast forward 4 months and the Borrower sold the assets for a premium price allowing sufficient funds to repay Secured Lending in full, with significant surplus capital for the business.

A great example of an advisor bringing significant value to their client under duress conditions.

Check out how Secured Lending deals when a Receiver or Adminstrators have been appointed, or alternatively, contact us at 1300 795 175 or email info@securedlending.com.au

Gino Tabila

Associate Director

Mark Hutchins

Director

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Scenarios We Can Help With

Browse our full range of private lending scenarios we can help assist with.

→Business Acquisition Finance →Business Partner Buyout →Franchise Purchase Finance →Inventory & Stock Finance

→Business Expansion Finance →Buying a New Location →Import & Trade Finance →Purchasing a Competitor

→Business Mergers & Acquisitions →Cash Flow Finance →Increasing Production Capacity →Working Capital Loans

Our Loan Solutions

Bridging Finance

Short-term funding to bridge the gap between a property purchase and a longer-term finance solution.

First Mortgage

Private first mortgage loans secured against residential, commercial, or industrial property.

Second Mortgage

Unlock equity in your property without refinancing or disturbing your existing first mortgage.

Caveat Loans

Urgent caveat loans secured by property. No need to refinance your existing mortgage.

ATO Tax Debt

Fast funding to help businesses resolve ATO obligations before penalties, garnishees, or director penalty notices escalate.

Debt Consolidation

Roll multiple high-rate facilities into one property-backed loan. Simplify repayments and restore cash flow.

Urgent Business Loans

When timing is critical and banks can't move fast enough, we step in. Property-secured funding for businesses that need an answer today — not next week.

Refinance

Replace an existing loan that is maturing, under pressure, or no longer working. We move fast and lend where banks won't.

Private Mortgage Solutions

Commercial Property Purchase

Commercial property moves fast. We match that pace. Private funds and an in-house valuation team mean no credit committee standing between your offer and settlement.

Same-day assessment

Funding in as little as 24 to 48 hours

Investment Property Purchase

Banks don't move quickly for Pty Ltd companies, trusts, or SMSFs. We do. Private funds and in-house valuations mean you can act on the right property without waiting on the wrong lender.