How PMA Helped a Dental Practice Refinance Business Debts and Improve Cash Flow
Scenario
The Borrowers have backgrounds in the field of dentistry and are operating in New South Wales.
The purpose of the loan was to refinance existing business debts and secure additional working capital to improve cashflow.
The security offered was the Borrower’s principal place of residence. The property sat on two hectares of land, which comprises of five bedrooms, three bathrooms, and a spacious garage.
Why PMA
The Borrowers could not obtain bank finance as their current financials were not yet ready.
PMA Solution
We were able to apply a 75% LVR to the property which is better than most of our competitors.
Details
Loan Amount: $1,875,000 (First Mortgage)
Property Value: $2,500,000
LVR: 75.00%
Term: 6 months prepaid plus 18 monthly extensions
Broker Commission*: $36,093.75
*with no clawback
Exit
The exit strategy was to refinance once the financials were prepared.
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!)
