Purpose:
Our clients Bec and Louie were self employed for less than 2 years. They sought to purchase a commercial warehouse to eliminate rental payments to a third party landlord.
Their goal was to acquire the property under a trust structure, allowing their business to pay rent to the trust and retain capital within their own business operations.
Benefits:
This strategic move provided multiple advantages, including:
- Securing a larger space to support business growth.
- Redirecting rental expenses internally, strengthening financial stability.
- Establishing long-term asset ownership to benefit the business.
Hurdles Overcome:
A major challenge was the typical Lender requirement for an Australian Business Number (ABN) registered for at least 18 months. The company’s ABN was only established less than 12 months ago – falling short of standard lending criteria. However, Bec and Louie were able to demonstrate their level of experience in their industry.
With help from our expert team, we crafted a compelling credit proposal, leveraging the clients’ background and experience to create a strong credit story and enabling us to engage with our extensive panel of Lender contacts.
Our tailored approach enabled us to secure a competitive financing solution to meet to Bec and Louie’s needs, allowing them to achieve their warehouse purchase goal.
