Flexible Funding for Electrical Business Refinance and Cash Flow Support
Scenario
This loan was structured to refinance an existing facility while unlocking additional working capital to support the borrowers’ electrical services business. It also enabled funding for further development of the security property.
The security offered is a historic rural holding spanning 72 acres, featuring a six-bedroom residence, home office, restaurant, and extensive landscaped grounds. Currently utilised as grazing land, the property has been rezoned for industrial development. Positioned adjacent to a key regional airport and air transport hub, the site presents strong commercial and industrial development potential, making it a strategically valuable asset.
Why PMA?
The borrowers were unable to secure traditional bank finance as their financials were not yet in a position to meet standard lending criteria, combined with the need for timely access to funds.
PMA Solution
We were able to understand the client’s unique financial situation and need to find finance outside their usual bank. We provided a 60% lend against a regional property over 15 months – 12 months capitalised interest with 3 optional monthly extensions.
Details
Loan Amount: $2,280,000 (First Mortgage)
Property Value: $3,800,000
LVR: 60.00%
Term: 12 months prepaid plus 3 monthly extensions
Broker Commission*: $62,700
*with no clawback
Exit
The proposed exit strategy is through refinancing the facility or the sale of assets.
Ready to discover how PMA can help provide finance solutions for your business (or your client's business)? Submit a scenario now and we'll get in touch (4-business hours response time guaranteed!)
