Construction Investment
Construct & hold
Owner Occupier Client approached his existing lender for an increase in order to fund extensive renovation and fit-out of his commercial premises.
Our Solution
After his application was declined by his own bank, we were able to place him with another major bank who gave an approval to refinance the existing debt and provided additional funds to assist with construction.
The saving from his new lower interest rate was able to offset the initial upfront fees and break costs incurred from leaving his existing bank, and resulted in further savings of approx. $15,000 per annum thereafter.
| Loan Amount | $3,100,000 |
| Gearing | 70% of the As-if-Complete value |
| Lender | Major Bank |
To find out more about how we can help, contact our team today.
