Lake Macquarie, NSW

A borrower was seeking a quick finance solution to purchase an investment property in Lake Macquarie area. In the meantime, the borrower needed to get access to equity in another unencumbered property under contract for sale. However, to enable the settlement of on this property, the borrower was required to remove asbestos. Which would take up to 6 months. The borrower would use the proceeds of the sale to repay full amounts of the debt as the main exit strategy.

Given the clear exit strategy and low LVR, Vestyn Capital extended a quick finance offer with a competitive interest rate and flexible loan term without early repayment charges.