Do you have residential or commercial developer
client’s who have successfully completed a project which has sold reasonably
well, but have a balance of stock remaining? Has their loan matured with their development
financier?
Is the original funder taking, or threatening to take,
precipitate action to sell – potentially reducing real current market value
in a forced sale environment? Does your client require time for orderly marketing
of the balance stock?
We may have the answer – Private Bridging Finance.
We may provide an opportunity for such orderly sale to
maximise potential sales prices.
Are there costs and fees involved? Of course!
Do we charge more than banks? Of course (though we are
generally at the lower end of pricing in the private market)
Do we require valuations? NO
Does the benefit to your client outweigh the potential
disaster of a mortgagee sale? Clearly that is up to you and your client to
determine, but in general, we’d be surprised if it doesn’t.
Is it worth calling to find out? Of course.
Do we have access to funding immediately?
DEFINITIVELY YES!
What is the maximum loan size? This will depend on
whether or not there are strata units involved, thereby allowing us to “split”
the loan between a number of private investors.
Residential land? Individual "luxury" properties?
- usually not, but this will depend on location, gearing urgency and a number of other factors.
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