Turning setback into success

Scenario – South Morang

Our borrowers bought a townhouse off the plan in South Morang (Vic) in 2022, expecting to settle as planned. However, when settlement time came around, they found themselves unable to secure funding through mainstream lenders

830 plenty road vic front
South Morang internal

Solution

Fortunately, the property had appreciated significantly in value since the original purchase. To avoid losing their deposit and facing potential legal issues, they turned to us at Funding and we were able to provide a solution at a 65% loan-to-value ratio to help resolve the situation.

 

This allowed them to settle the property, preserve their deposit, and retain the increased value of their home. The borrowers plan to sell the property within the term, providing the primary exit strategy.

LVR
65%
Loan amount
$454K
Loan term
12 months

An excellent implementation of a great idea. The security and return of first-mortgage investing with the ease of operation equivalent to an online bank account. You can easily manage your own risk profile, diversification and liquidity timeline. The easiest to understand and simplest to use online investment platform of the several I rely upon. The Funding team are very helpful and respond promptly to any questions.

Kenneth G
Google Review

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