Commercial Property Purchase
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A commercial property purchase with a few twists!
Challenges Faced
The client’s financials showed they could not afford the purchase, however, the Financials were dated and the client’s business was turning around quickly.
What first appeared as a relatively simple property purchase presented many challenges relating to our client’s serviceability position and their recent business trading history.
Outcome
We were able to research and present Lender with a clear strategy for debt reduction in the short term, coupled with a very strong security position.
We faced many challenges throughout the approval, documentation and settlement process but we successfully paired the client with a flexible Lender who was happy to lend to the client, and we ensured that the client did not relinquish their $200k deposit.
