Happy Customers
The bank were putting the clients under severe pressure to ‘fire sale’ their home as soon as possible they can recoup the mortgage funds.
The clients home was worth in excess of $3.6M & they only owed the bank circa $800K, meaning they had a significant amount of equity in their home, and did not want to sell it quickly in a 'fire sale'.
Hodgestone were able to structure a Private Loan facility for a 12 month period that had pre paid interest built into the loan for the entire 12 month period, which relieved our clients from an incredible amount of cash flow & Bank pressure.
They were then able to refocus on getting their business back on track, and also undertake an orderly marketing campaign when selling their home.
The Result: Our clients were able to secure a sale price of $3.9M for their home during the loan term period, and move on to securing another home for their family, with much more money in their pocket than they would have had in the event they fire sold the property as per the banks requests.
Loan Amount: $1,340,000
LVR: 33%
Location: Balwyn VIC
Security Property: Large 5 bedroom residence
Exit Strategy: Sale of the security property
Settlement Timeframe: 8 business days
Take the first step toward financial freedom with our quick and hassle-free loan process. Apply now and secure your ideal loan.
