In step with our commitment to continue delivering innovative solutions, exclusively for brokers, we have recently unveiled two new short-term loan products.
Our Private and Residual Stock loan products are designed to provide brokers with the flexibility to support their clients’ varying business needs.
For further information on these new products or to discuss specific scenarios, please reach out to a member of the Connective Advance team. We are ready to help brokers, and their clients navigate and capitalise on these exciting new financial solutions.
Private Loan – Residential
Security property in Maroubra, NSW
$5,525,000 | 65% LVR | 3 years IO
- We were able to assist with the refinance of a loan from a major bank, secured against a residential property in Maroubra.
- The purpose was to purchase a second residential property for the family to transition into pending the sale of the Maroubra home.
The borrower has been a self-employed professional investor since 2003, with shareholdings in public and private companies.
Read next article >Private Loan – Commercial
Security property in Austral, NSW
$5,060,000 | 55% LVR | 3 years IO
- Business partners sought a short-term loan to assist with the purchase of 1.2 hectares of residential land in Australia.
- A DA had been granted for the house to be demolished and subdivided into 31 lots.
- In the next two years, the borrowers plan on taking out a construction loan to repay the existing Private loan.
