Commercial Finance Deal - Sydney Australia

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

Guy
Participant
@saguy
Join Date: 2016
Post Count: 1
August 25, 2016 - 12:21 am
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
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
August 25, 2016 - 8:28 am
What Lvr ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Alistair Perry
Participant
@aperry
Join Date: 2004
Post Count: 891
August 25, 2016 - 12:38 pm
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
Jerry
Participant
@jerry_o
Join Date: 2013
Post Count: 46
August 25, 2016 - 5:28 pm
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
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
August 25, 2016 - 7:31 pm
If the deal is right we can settle in 48 hours.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Corey Batt
Participant
@cjaysa
Join Date: 2012
Post Count: 1,010
August 25, 2016 - 11:06 pm
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
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
August 26, 2016 - 8:17 am
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 | Australia's leading private lender