Finance Company Australia settles loans to suit many different types of people and companies. The below brief description of two recent settlements gives you a flavour for our current projects.
Recent settlements
Franchise Purchase
Purpose
Purchase business franchise in regional Western Australia.
Client
Self-employed individual.
Industry
Hospitality.
Problem
Client was unable to satisfy mainstream lenders credit requirements due to a lack of historical trading figures.
Solution
Finance Company Australia sourced private funding with capitalised interest to refinance an existing home loan with additional funds to purchase the business. Once the business is established our team, in partnership with our client, will review finance options for the purpose of refinancing into low cost business and home loans.
Loan: $1.175 million | LVR: 47% | Rate: 6.95% | Lender: private mortgage | Security: residential property and business
Purchase Prestige Residence
Purpose
Purchase prestige residence in the highly sort after Perth western suburbs.
Client
Retired high net worth couple.
Problem
Complicated family trust structure which did not comply with mainstream lenders credit policies.
Solution
Finance Company Australia were able to source principal and interest loan at a very competitive variable interest rate.
Loan: $1.7225 million | LVR: 65% | Rate: 2.29% | Lender: second tier lender | Security: residential property
For more examples please visit our case studies.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.