A client was buying a caravan park in regional New South Wales. The bank saw a specialised regional asset and would only lend to 40% of its value, leaving a cash shortfall that made the purchase hard to complete.
We took the deal to a private lender who understood the asset and arranged a first mortgage at 55% LVR, over a two-year term. That extra leverage meant the client had to put in far less of their own cash to get the deal done.
The purchase settled, and the client kept working capital free for the business rather than tying it all up in the buy-in.
The finance
This was a first mortgage deal.
Have something similar? We arrange first mortgagefor deals the banks won’t write.
About first mortgage→Tell us about your deal.
Send through the scenario. You’ll hear back the same day with who would fund it and roughly what it costs. If it doesn’t stack up as it stands, we’ll say so and tell you what would need to change.