Case Study – Private Lenders in Sydney
Finance problem: A company that owns a small suburban shopping centre needed to do major refurbishments to their premises. They needed to attract high-quality, long-term tenants.
Unfortunately, the extent of the renovations meant that many of the centre’s stores would have to be vacated for an extended period. The resulting loss of rental income would mean that the company would temporarily be unable to afford their loan repayments. But their bank wasn’t willing to adjust their loan terms.
Private lending solution: Frustrated, the company turned to the private lending market. Their private loan application was assessed and quickly approved. Their private lender assessed both the cost of the renovations and the forecast increase in value of the premises. The renovation was completed on schedule.
The company was quickly able to attract new tenants for the shopping centre. They then had the cash flow to easily make their loan repayments.
Case study – Private Lenders in Melbourne
Finance problem: A Melbourne manufacturing company needed additional funds. They wanted to capitalise on an opportunity to expand their business. They required bridging finance until they could expand and increase their cash flow.
However, their mainstream lender declined their application for the additional funds. It didn’t meet their strict new lending criteria.
Private lending solution: To avoid missing out on the opportunity, the company found a private lending solution instead. Their private lender assessed the value of the collateral that the company provided as part of the finance application process. They also assessed the strong potential of the expansion opportunity. The private lender approved the expansion funds.
The manufacturing company now has more staff, more customers, and more profits!
Case Study – Private Lenders in the Gold Coast
Finance problem: A new Gold Coast property development company saw an opportunity to build an apartment complex. The Gold Coast is one of Australia’s fastest growing regions. The weather and the beaches make it a great place to live or visit.
The property development company approached the big banks and other mainstream lenders. But their funding applications were declined by all of them. That’s because the company wouldn’t be able to generate any income during the construction process.
Private lending solution: Refusing to give up, the company found a private lending solution instead. Their private lender assessed the land value and they approved the necessary building funds. The project was completed on budget and on schedule.
Units in the new apartment complex then sold quickly and the property development company made a huge profit on the project.
The bottom line
If you need finance and you’re finding it difficult to get, consider private. More and more businesses are doing that and reaping the benefits.
Contact us today to find out how DFS can help you.
The future of your property development project or your business could depend on it! We provide flexible finance solutions for clients all over Australia, including Sydney, Melbourne, Brisbane and the Gold Coast.