Partly completed development site funded

Mark Hutchins

Mark Hutchins

Director - Secured Lending

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 on 0416 798 187 or myself on 0427 277 162 to discuss a scenario or email your client’s requirements through to info@securedlending.com.au and we will get back to you quickly.

Keen to know more, check out our product matrix.

Secured Lending

FAST FUNDING SOLUTIONS

Secured Lending focuses on non-conforming, short term funding solutions with incredibly quick turnaround times. So why Secured Lending?
  • We have our own internal property valuation team.
  • We can settle caveats, 1st and 2nd mortgage loans within 24 hours up to $45m.
  • We pride ourselves on being transparent and honest in our approach, always aiming to have an initial assessment back to you in a few hour

Our rates start at 9.95% p.a. with loan terms from 1 – 24 months.

 If you have a scenario to discuss, please call us on 1300 795 175.
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