How PMA Helped Secure a $1.3M Refinance Outside Traditional Bank Lending

Scenario

The borrowers have extensive backgrounds in investing and share trading, with expertise across accountancy, corporate consulting, mergers and acquisitions, corporate restructuring, and IPO preparation.

The purpose of the loan was to refinance an existing facility and cover associated interest and fees.

The security property offered was the borrowers’ owner-occupied residence, a premium double-storey home situated on 819 sqm of land, featuring five bedrooms, two bathrooms, a lock-up garage, and stunning coastal views.

Why PMA?

The borrowers were unable to secure traditional bank finance, as their most recent financials did not support additional borrowing requirements.

PMA Solution 

This was an existing client of PMA. They wanted to refinance their current debt for a further 12 months. We were able to capitalise the interest and provide the client with a further 24 months.

Details

Loan Amount: $1,300,000 (First Mortgage)

Property Value: $3,400,000

LVR: 38.24%

Term: 24 months prepaid plus 3 monthly extensions

Exit

The proposed exit strategy was through the sale of shares or refinancing. The borrowers also held an overseas property asset that could be sold if required.