Situation: A cafe owner wanted extra funding to purchase equipment and enable a boost in cash flow for business purposes (which eased the pressure whilst they sold their investment property).

Loan type: 1st and 2nd Mortgage
Amount: $900,090
Loan term: 3 months
Rate: 11.99% p.a./ comparison rate: 20%p.a.
Turnaround: 10 days
Location: Canberra, ACT

Situation: A client required a loan for a 2nd mortgage over his primary residence and 1st mortgage over the acquisition of another residential property (for intended knockdown and re-development). This provided a great stop-gap solution for the shortage of funds required to settle, whilst he waited to receive income from the other real property sales.

Loan type: 1st and 2nd mortgage
Amount: $595,000
Loan term: 6 months
Rate: 11.99% p.a./ comparison rate: 20%p.a.
Turnaround: 8 days
Location: Camberwell, VIC

Situation: A commercial Fisherman needed funding to purchase a small fishing vessel for chartering offshore tours. The exit strategy was the sale of the older boat.

Loan type: 2nd mortgage
Amount: $320,000
Loan term: 4 months
Rate: 11 .99% p.a./ comparison rate: 20%p.a.
Turnaround: 12 days
Location: Port Stephens, NSW