$500K
Second mortgage for a clinic fit-out
A podiatry clinic was almost through a major fit-out. The landlord's rebate was agreed and only the final stage remained, but the money hadn't landed yet and the bank's timeline didn't match the contractor's.
We arranged a $500,000 second mortgage over a five-year term to bridge that last stage and give the business room to breathe while the rebate came through.
The fit-out finished, the clinic opened, and it went on to become the owner's best-performing location.
The finance
This was a second mortgage deal.
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