Commercial Scenarios

	Occupation Bookkeeper
	Industry Financial services
	Business structure Sole trader
	Business age 11 years
	Annual revenue $295k

Need to refinance your commercial property loan?

Kylie has been running her bookkeeping business for 11 years. She owns an office and the interest-only period for her commercial loan is about to expire.

Roadblock

Kylie’s current bank tells her she will have to switch to a principal and interest loan and that the revaluation of her office has come in slightly lower than previous years. Kylie calls her broker to assess options.

Solution

Her broker speaks to RedZed, and we're able to refinance the loan on interest-only for five years. Kylie is thrilled and grateful that she only needs to supply a self-certified declaration and an accountant's declaration to verify her income.

Sound familiar?

Are you facing a similar situation and looking for solutions? Reach out to one of our lending specialists, or ask your broker about RedZed today.

Call 1300 722 462 Email us today

	Occupation Property developer
	Industry Real estate services
	Business structure Sole owner, five employees
	Business age Six years
	Annual revenue $1.9m

Seeking a short-term commercial loan?

Bianca is a property developer who has several new developments in her current pipeline. She is looking to use one of her recently finished developments valued at $10m as security so she can obtain $5.6m cash out for her next project. Bianca requires these funds quickly and is seeking a short-term loan. Her exit strategy is to sell individual units within the complex at a suitable speed to maximise profits and clear the proposed debt in two years.

Roadblock

Bianca is struggling to find a lender who can assist given the challenges developers face with funding. These challenges include the loan size and purpose, as well as the ability to showcase servicing with a business model that has inconsistent cash flow.

Solution

Bianca reaches out to her mortgage broker, who speaks to RedZed. Due to Bianca’s extensive development experience and strong asset position, we can assist given we have products assessed based on the loan purpose and how Bianca plans to repay the loan at expiry. The purpose of the loan and exit strategy are clear, and they support an approval for $5.6m at 56% of the value of the property. Bianca is thrilled that we can turn the deal around so quickly.