How PMA Helped Borrowers Navigate High LVR and Tight Timelines with Ease
Scenario
Our clients are experienced property investors with a strong background in short-term property strategies, including property flips. They required fast refinancing of an existing loan, secured against three separate properties: two investment properties (including vacant land) and a residential dwelling.
Why PMA?
Traditional bank funding wasn’t an option due to high LVR, income verification challenges, and the need for quick turnaround.
PMA Solution
Private Mortgages Australia delivered an efficient financing solution as the deadline with the existing lender neared. We promptly assisted the client in transitioning from the expiring facility, helping them avoid penalty interest. The loan was secured, and we collaborated with the client to establish a practical exit strategy.
Details
Loan Amount: $1,112,750 (First Mortgage)
Property Value: $1,575,000
LVR: 70.65%
Term: 3 months prepaid plus 3 monthly extensions
Broker Commission*: $9,180
*with no clawback
Exit
Sale of the two investment properties, both currently listed on the market.
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