RESIDENTIAL

Rescuing a Stalled Application With Only an 80% Australian Construction Loan

Client Summary

Client Background

Introducer

Key details

Investment details

Client Summary

Client background

Introducer

Key details

Investment details

Introduction

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.

The Challenge

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.

The Solution

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.

The Result

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.

Post Settlement

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.

Similar scenarios

Unlocking Financial Relief: Slashing Current Rates to Reduce Monthly Repayments

Due to pandemic-related increases in interest rates and rising fund costs, we are supporting clients whose monthly mortgage payments are higher than their rental income from investment properties by devising urgent solutions to alleviate their financial stress.

Read More

Freelancer Secures a Residential Mortgage in Australia Without Documented Employment

Three friends sought Australian property investment for financial security; overcoming leverage issues, the financially strongest took the lead in a solo loan application, achieving their goal with minimized upfront costs.

Read More

A Mother's Gift of an Investment Property to a Student Daughter

Collaborative financing effort secures unconditional loan approval by strategically addressing a university student's borrowing limitations and leveraging her mother's financial strength.

Read More

Rescuing a Stalled Application With Only an 80% Australian Construction Loan

We were introduced to an ultra-high net worth (UHNWI) client who was halfway through a complex credit application process, with a broker who had walked away from the transaction while under processing.

Read More

Joint Efforts of Singaporean Family to Support a Retired Parent's Investment Pay Off at the Last Minute

A recently retired IT executive sought our assistance in financing his investment property, just months away from the scheduled settlement.

Read More

Unleash Huge Savings! Refinance Without Income Documents

A series of consecutive rate hikes in Australia throughout 2022 trapped our client in an unfavorable situation commonly known as a ‘mortgage prisoner’.

Read More

Foreign Investor Nails AU$507K Melbourne Property with Just Rental Income Proof

Our client in this case was a semi-retired individual who hadn’t been in actual employment in the past few years. He was, however, a professional stock investor and owned multiple investment properties in his home country, Singapore.

Read More

From Siblings to Investors: A Tale of Australian Property

Three siblings based in different countries - Malaysia, Singapore, and China - collaborated as joint borrowers to secure a mortgage for their second investment property in Australia.

Read More

Self-Employed Couple's Financial Breakthrough

Self-employed Australian expatriates in the hospitality industry based in the United States, seeking a half-million dollar loan to finance an apartment purchase in the central business district of Melbourne.

Read More

Aussie Expat Supercharges AU$1.13M Investments with ANZ Bank

An Australian Expatriate based in Singapore seeking a combined loan to finance the purchase and construction of 3 of his investment properties in several residential suburbs in Victoria, Australia.

Read More

70-Year-Old Malaysian Businessman Secures 30-Year Loan

Self Employed Malaysian borrower seeking a loan of 70% finance to construct investment property in greater Northern Suburbs of Melbourne.

Read More

Malaysian Borrower Refinances to a Lower Rate Without Supporting Income Documents

A combination of self-employed & salaried employee, the borrower intended on refinancing an existing Australian mortgage to attain a better interest rate and lower monthly repayment.

Read More

Singaporean Purchaser Earns ROI of 300% (AU$220K) in 20 Months.

A high net-worth Singaporean couple seeking a loan to finance a luxury townhouse investment property in the Eastern residential suburbs of Brisbane.

Read More
Coming Soon.
Coming Soon.
Book a call with us now