Asset Backed Business Finance – Case study examples of past transactions
A. Funding: Client required $100K towards a property settlement.
Security: Security over the client’s business and unencumbered truck trailers.
Funds: Were transferred to the solicitor’s trust for property settlement.
Once Property settled a caveat was placed over the property.
Term: 6 months
Exit: Loan repaid from business cashflow.
B. Funding: Client required $150K towards new jobs/projects (Granny flat builder)
Security: Caveat over investment property and security over business
Term: 8 months.
Exit: Refinance of the investment property.
C. Funding: Client required $500K working capital for business.
Security: Unencumbered land in Melbourne
Term: 12 months
Exit: Tidy up financials and tax returns – Refinance with a major.
D. Funding: Client required $25K for front of house refurbishment, patrol station.
Security: Security over the business.
Term: 6 months.
Exit: Paid through business cashflow.
E. Funding: Client required $1.2M over 15 months to complete construction of 4 apartments, Tamarama NSW.
Security: 2nd mortgage over 2 properties and Security over business.
Term: 15 months
Exit: Through business cashflow and property sale
F. Funding: Client required $160K to consolidate personal loans and multiple credit cards used for business working capital.
Security: Caveat over client’s property, and security over business.
Term: 6 months
Exit: Tidy up financials, tax returns and refinance property with major.
G. Funding: Client required $137K deposit bond payable to council prior to commencing a $2.7M project.
Security: Caveat over client’s properties and PPSR over business, funds controlled and transferred direct to Council.
Term: 1 month to exit the initial loan.
Ongoing Funding: ongoing funding over $3.6M been provided over 15 months for Council project.
Additional Security: 1st and 2nd mortgages over multiple properties of the client and security over the business.
H. Funding: Client required $651K for an urgent continuation of fit out construction for a Barangaroo Restaurant.
Security: 1st mortgage over client’s property and PPSR over client’s restaurants.
Term: 3 months.
Exit: Refinance of the property with a main stream lender.
I. Funding: Client required $85K for working capital, small builder.
Security: caveat over clients 2 properties and PPSR over business.
Term: 3 months.
Exit: Tidy up financials, lodge Tax return and refinance properties with major.
J. Funding: Client required $100K towards purchase of a business.
Security: Security over the new business and Caveat placed over client’s property.
Term: 12 months.
Exit: Paid from business cashflow.
K. Funding: Client required $205K for a share purchase in a business, impatient vendor.
There was a delay with the bank settlement of refinance over the client’s property.
The client would have lost the opportunity and initial deposit, without our funding.
Security: PPSR over current business and caveat placed over the property.
Exit: Settlement of the refinance.
Term: 2 weeks.