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The Borrower was seeking funds to consolidate business and investment debt to place them in a better position to refinance with a larger institution.
The team at ProLend Solutions was able to quickly assist the broker in putting together a solution to capture and payout all debts while also including 6 months of capitalised interest, assisting the borrower in shoring up their financial position in the near term.
This ultimately assists the broker by providing a stronger application when approaching a refinancing partner = win, win.
Loan: $2,200,000
LVR: 68%
Term: 6 months
Location: Central Coast, New South Wales
