Category - Scenarios

Client required $300,000.00 for a business they had purchased from a receiver at a much reduced price; however had a requirement to settle the loan within 2 days. NWC Finance lent the client the funds needed against their residential property via first mortgage and the loan was settled in the requested time frame. Exit: Refinance …

Client came to NWC Finance with an urgent requirement to settle a residential property they had signed a contract for in Tasmania. The client had bought the property at a reduced price and needed to settle prior to the scheduled auction date. The residential property was being purchased in a company name and NWC Finance …

Client required urgent funds to help settle on a truck they had purchased for their company. The financials of the company where a little soft (at the moment – however have signed a new and profitable contract) for a traditional leasing loan and the client didn’t own any property for security. NWC Finance lent the client the money …

Previous client returned to NWC Finance to help payout their ATO Debt. Client owns many unencumbered vehicles due to the nature of their business. NWC Finance paid the ATO with a PPSR charge over the unencumbered vehicles and first mortgage on their small commercial property. Loan was settled in 2 days. Exit: Refinance on commercial property and lease …

Client required an urgent refinance on their extremely specialised commercial property and where having difficulty finding a lender who was willing to lend. The first mortgagee was getting impatient with the owner and decided to put the property on the market at a reduced price. NWC Finance lent the client the money (at an LVR% of 70%) to …

A small business owner approached NWC with an urgent cash flow requirement for their automotive business. As the client had no property security, NWC Finance secured their  300,000.00 loan facility against the client’s company assets, unencumbered vehicles. Loan was settled within 48 hours. Exit: Sale of vehicles.

  Client who owns a boat repair company recently moved into a new office and had to pay the developer urgently for the new shop fit out. NWC Finance settled the loan by taking a charge over the second hand boats the client owns and a caveat over their property.   Exit: Sale of second …

Developer came to NWC Finance with an urgent cash flow requirement. NWC was able to assess client’s application, value security property (completed development) and advance required amount within 3 business days.  NWC re-financed the clients existing debt and allowed client to draw required amount as cash out, total facility equalled $3,000,000 and an LVR of …

Client required funds to settle on a development property they had purchased in the Northern Territory. The client was given a Notice to Complete; which means they would lose the property and their substantial deposit that they had paid, if they didn’t settle urgently. NWC Finance lent $750,000.00 as a 1st Mortgage taking into consideration …

Business required some urgent cash flow for a new venture; however they didn’t own any property. NWC Finance lent the client $40,000.00 secured over the businesses assets (plant and equipment only). Exit: Lease back through a traditional leasing company.