GuyParticipant@saguyJoin Date: 2016Post Count: 1
Hello, We bought a vacant block of R4 land last year in Sydney and are now completing a DA with council for a high density R4 zoned apartment block that has 64 mixed units. We have an extended settlement on the land, which is due 1st week of Sept this year. We had hoped that the DA would have been approved by now before on-selling the land, thus covering our expenses. We are wanting to make the settlement payment to the owner but need urgent finances to complete the deal. Would there be any-one willing to negotiate a financial deal to assist us with this payment?
What Lvr ?
Yours in FinanceAlistair PerryParticipant@aperryJoin Date: 2004Post Count: 891
If you can send me some details of what you are after I should be able to let you know pretty quickly if something can be done in this timeframe. In particular I would need the purchase price, the LVR that you need, location and the proposed ownership structure.
AlistairJerryParticipant@jerry_oJoin Date: 2013Post Count: 46
If you are willing to share the numbers here then I am sure a lot of people, especially finance brokers, can quickly respond to your query.
If the deal is right we can settle in 48 hours.
Yours in FinanceCorey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
No not hungry Corey as thankfully we have more Private lending business than we can poke a stick at but merely pointing out it can be done quickly.
Settled a first mortgage same day on Monday although admittedly it was a low lvr and the client was in Sydney where i Solicitors are based and could sign loan docs.
Yes a lot of the smaller private lender bombard brokers with emails usually because the don’t have an established referral network.
Yours in Finance
You must be logged in to reply to this topic.