PURCHASE OF BUNDABERG GOLF COURSE $1.7 Million
Our client had exceeded the settlement deadline and was seeking urgent funds to protect their deposit.
They had sought assistance from numerous other brokers and lenders who initially expressed interest, but once he paid their fees the funding proceeded no further.
We obtained an extension for our client and organised our own valuer. Funding was achieved within 10 days of receiving the application and they were able to secure the purchase
Recent Transactions
PARTIALLY COMPLETE INVESTMENT PROPERTY
Our client, an owner-builder urgently needed funding to finalise a partially completed investment property. They had tried everywhere unsuccessfully. We obtained short-term funding within 5 days once a valuation report was obtained to show outstanding works remaining giving confidence to the funder that the funding was sufficient to complete the project at which point the owner-builder refinanced.
GOODS HELD BY CUSTOMS ON DOCK
Our client had ordered in stock at a very heavily discounted rate from China. Unfortunately, they had not received correct advice regarding their Duty and GST obligations. This meant that they were met with a lot of unplanned fees with no way to recover their products from customs.
Astute had a solution within 48 hours utilising the equity in one of the director's properties. Clients got access to the goods and discharged the loan within a week.
BREAKING UP OF A BUSINESS PARTNERSHIP
Our client needed to have a pre-approval of $1,000,000 to buy out his business partner on very short notice. We obtained a pre-approval within 6 hours using the clients several different asset types on the basis of desktop valuations. The client had access to cleared funds with 48 hours.
URGENT PROPERTY SETTLEMENT OR CONTRACT FAILURE
A couple came to us with 4 days left to settle. They had gone unconditional but had been informed by their previous broker that their lender had withdrawn their offer of funding. With only days left they frantically rang around seeking a solution but were advised that it would be impossible to settle within the deadline. Getting an extension was not possible because there were other buyers willing to pay more and the vendor was waiting to sell to another party, they also had paid a deposit of $80,000 which was at risk.
Astute found a funder who was prepared to lend against their other property which was going on the market within the short time frame. Our cliebts completed the contract and paid the funder back when their property was sold.
