Amidst a complex credit application, we were approached by an ultra-high net worth client whose intricate leveraged investments and Non-resident status led to broker withdrawal, risking cash-funded construction costs or purchase default as settlement neared.
In addition to the time constraints, the complexity of the client's highly-geared investment portfolio, consisting of various asset classes with multiple currencies and a multi-million-dollar securitised investment loan, required innate understanding and strategic presentation to potential lenders.
Conventional calculations and credit assessment would have been detrimental to his application, ultimately resulting in loan rejection. Additionally, being a non-resident, our client faced additional challenges as lenders often perceive non-residents as higher-risk borrowers.
Recognising the complexities and the urgent nature of our client’s situation, we stepped in to take over his case and initiated a fresh application process. Our team clinically analyzed his financial profile and complex portfolio to understand the best approach for securing the facility. We then we presented his financial situation in a manner that accurately reflected his ability to service the loan.
This case forced us to leverage our extensive network and relationships with lenders and the credit heads, highlighting our client’s strong financial position and income stability. We then worked to gather and provide all necessary documentation promptly, ensuring a streamlined application process. Our arguments, extensive submission and and using similar past exceptions policy as a benchmark ultimately convinced the lender to assess the risks associated with our client’s application in a positive light.
Despite the intricate nature in terms of credit assessment surrounding this highly-geared investment portfolio and non-resident status, we secured a construction finance for his construction property in Australia.
Through our detailed analysis with our in-house team of experts and unorthodox presentation the credit provider was able to recognize the unique nature of his financial structure, placing a value on the underlying assets and treating the interest charged on his investment loans as the primary factor for debt servicing calculations. This enabled our client to proceed with his property construction without compromising his investment portfolio's performance and with finance in place.
The successful loan approval showcased to the borrower, our ability to navigate intricate financial situations, By leveraging our expertise, we effectively mitigated risks and demonstrated the potential for success in non-traditional lending scenarios.
Our commitment to client satisfaction extended beyond the loan approval. We provided ongoing support to our client during the post-settlement phase, ensuring a seamless transition for his property construction. Our team remained readily available to address any concerns or queries, solidifying our reputation as a trusted finance partner throughout the life of our clients’ loans.
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