Forums / Getting Technical / Finance / Commercial Finance Deal – Sydney Australia

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of GuyGuy
    Participant
    @saguy
    Join Date: 2016
    Post 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?
    Best Regards
    Guy

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    What Lvr ?

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891

    Hi Guy,

    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.

    Regards
    Alistair

    Profile photo of JerryJerry
    Participant
    @jerry_o
    Join Date: 2013
    Post Count: 46

    Hi Guy,

    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.

    Cheers,
    J

    Jerry | Mortgage Station
    http://mortgagestation.com.au/
    Email Me | Phone Me

    Finance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    If the deal is right we can settle in 48 hours.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Someones Hungry Richard! ;)

    Reminds me of the private money lenders who spam our email inboxes daily.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    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.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

Viewing 7 posts - 1 through 7 (of 7 total)

You must be logged in to reply to this topic.