Residential Construction Finance (Second Mortgage)

Scenario:With escalating construction prices, the builder was part way through a residential renovation of an investment property and was unable to secure funding through their existing bank.  With mainstream banks taking months to process applications, the borrower needed a lender who could get the job done within a matter of weeks, so the property could hit the market in […]

Property Refinance & Equity Release (First Mortgage)

Scenario:Client held a residential investment property in Brisbane and was seeking to increase their existing first mortgage to extract more equity to purchase an additional investment property. Although the LVR was low and servicing was easily established from the property’s rental income, their existing lender did not agree to the equity release. Xceda Solution:Xceda provided […]

Revolving Credit Facility (Second Mortgage)

Scenario:Client wanted to import goods from overseas with purchases occurring monthly. Most of the goods were required to be purchased from the supplier prior to importing so the Borrower had a short term funding gap until the goods were on Australian soil. Bank would not provide a loan due to the start up nature of […]

‘Business 50’ Finance (General Security Agreement)

Scenario:Client had an opportunity to purchase stock at a reduced price from a supplier that was being liquidated and the Client was required to commit to the purchase within 48 hours. He had some aged defaults affecting his personal credit rating however his financial statements and current management accounts (on Xero) showed his business was […]

Business Equipment Finance (Second Mortgage)

Scenario:Client had an opportunity to purchase a piece of equipment to be utilised in an ongoing Government funded infrastructure project, where demand for such heavy equipment is extremely high. Given the funding required and the security offered by the Borrower, there was no possibility of funding via conventional banking. Xceda Solution:Xceda was able approve the […]

Property Acquisition (First Registered Mortgage and Caveat)

Scenario:Client based in the ACT is an experienced and qualified builder, who required the loan to acquire bare land and to construct a home for sale. Although the client has an established track record of successfully delivering projects over the last decade, they were unable to obtain funding from a traditional banking institution. Xceda Solution:Xceda […]