Company involved in online betting needed urgent cash flow of $500,000.00 to upgrade their software for an important merger. Nationwide secured the loan via caveat over an investment property and the actual value of the business itself.
Exit: Cash Flow.
An “appointed receiver” allowed NWC to refinance the existing debt of a development company, thus allowing both the receiver and original funder to retire their debts. In doing so, NWC gave the development company the necessary “breathing space” to put a stop to severe and escalating cost of the receiver.
Exit: Sale of the asset at market price rather than liquation price.
A developer had purchased a block of land as part of a house and land package. The clients funding had fallen through and the client needed urgent cash for settlement or they would have lost their deposit as well as the purchase of the land. Nationwide lent $198,000.00 on the block of land the client was purchasing and also the client’s unencumbered plant and equipment.
Exit: Refinance or Sale.
A $410,000 loan was given to a sole trader in Victoria to prevent him from losing his assets.
Existing short term funding expired and lender was unwilling to renew facility. The client had also been given a court order to repay the funds and no other lender would provide finance. Three second mortgages were taken as security and NWC was able to save the clients property.
Exit: Refinance with mid major.
Client came to Nationwide to settle two commercial properties they had purchased at a “mortgagee in possession sale” and needed to settle the loan urgently. The loan was settled on the two properties the client was purchased taking into consideration the DA approval and the clients 3 other unencumbered commercial properties.
Client needed $3,500,000.00 to settle on a commercial property they had acquired valued at $7 million in South Australia. The funding that they had sourced wouldn’t have been able to settle by the due date in which the client would lose their large deposit and the property itself. Nationwide Capital settled the property in 5 days.
Exit: Refinance with one of the majors.
Client owns a Freightliner business and wanted to save money by buying a fuel tanker (buying the petrol in bulk – saving them money). The clients found a tanker at an auction at a heavily reduced price and came to Nationwide for urgent assistance in settling the purchase ($66,000.00). Nationwide lent the client money for the purchase on the tanker and also their other unencumbered Plant and Equipment (Without Property).
Exit: Refinance of their property.
Client came to Nationwide Capital for urgent funds to purchase a new business in which the client was getting a large reduction in the purchase price. The loan was settled by “General Security Agreement” over the clients existing businesses (valued at $600,000.00) and a second mortgage on their investment property, settled within 3 business days.
Exit: Refinance with one of the majors and cash flow from existing businesses.
$150,000.00 secured by a first mortgage over an industrial property located in rural Queensland. ATO was pressuring client to repay Tax Debt or Wind Up Notice was to be enforced. Nationwide Capital paid out the debt and freed up some working capital for the company.
Exit: Six month facility with exit being either refinance or sale of property.
Client owned substantial development approved land, required funds to commence development as this was a prerequisite of their construction facility. Nationwide lent on the “as is” land value and secured by first mortgage.
Exit: Construction funding.
Client in a position to purchase an established business at a reduced price. NWC was willing to lend against the value of the business, plus the company’s assets and property on site. Client utilising NWC’s services to secure the business at a discounted price.
Exit: Refinance through major lender.
The purpose of the loan is to free up some immediate working capital to complete a prototype machine to produce patented technology from China. The loan was secured by a first mortgage over an investment property in Victoria.
Exit: Cash flow from the patent
Client came to Nationwide to settle two commercial properties they had purchased at an auction urgently. The loan was settled on the two properties the client was purchased taking into consideration the DA approval and the clients 3 other unencumbered commercial properties.
Exit: Refinance through a major bank.
Scenario: NWC Finance received a phone call from a client who owns a mining company and was in urgent need of funding to purchase a Horizontal Grinder valued a $700,000.00. The client had secured a huge mining contract and need the machine on site urgently to ensure they fulfilled their requirements of the contact. The client tried to source funding from traditional leasing company’s however they where to slow for the client. NWC Finance secured the loan via PPSR charge over the new Horizontal Grinder and two caveats, one on vacant land and another on an investment property.
The client received the funding within 48 hours.
Exit: Traditional Leasing Finance.
Agricultural client required urgent cash flow in order to complete his harvest. As his farm was highly geared the 1st mortgagee refused to extend the clients facility. NWC Finance secured a loan of $400,000.00 against the clients unencumbered Plant and Equipment and also a caveat on the farm.
Exit: Cash flow from the sale of the harvest.
Developer required immediate funding to facilitate the purchase of residential land. The client needed a high LVR % in order to finalise the settlement on the land. Nationwide Capital lent 65% on the purchase of the new blocks of land and also raised the remaining funds needed for settlement against the clients unencumbered Plant and Equipment and Cars.
Exit: Develop land and sell.
Client owns a successful Freightliner Business, however was issued a wind up notice by the ATO for an unpaid tax debt, which the client was unaware of. NWC Finance lent $250,000.00 secured by cross collateralising the client’s unencumbered trucks and trailers and the “good will” of the business. The client was able to pay the ATO debt and continue trading without the closure of the company and liquidation of the company’s assets.
Exit: Lease back through traditional leasing company.
$100,000.00 Client required cash out urgently on their commercial property for business cash flow. NWC Finance lent the client the money within 24 hours and secured the loan via first mortgage.
Exit: Refinance through a major.
Required: $700,000 on a draw down basis
Scenario: Client required funds for business cash flow. $300,000 was required on an urgent basis with a further $400,000 being required incrementally over the following 6 months.
Security: Vacant industrial land
Outcome: NWC was able to advance the $300,000 to the client within a matter of days while providing the client flexibility to drawdown the remaining $400,000 as required.
Exit: Debtors or Re-finance
Client current has an owner occupied equine property (unencumbered) which specialises in horse breeding and wanted to purchase another property for development. Due to the specialised nature of client’s existing security, traditional funders were unable to assist the client with his funding requirement to purchase the new property. NWC Finance lent $500,000.00 to purchase the development property, secured by two 1st Mortgages. Settled in 2 days.
Exit: Refinance through traditional lender.
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.
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 the value of the property and it’s DA, so the client could settle and also give them some cash out to start development.
Exit: Refinance through traditional lender after settlement.
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 60%.
Exit: Client will re-finance NWC’s loan with a major lender.
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 hand boats.
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 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 payout the first mortgagee and bought them time to sell the property at market value. Loan was settled within 3 days.
Exit: Sale of the property.
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 back for the vehicles.
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 for the purchase against the new truck and the clients other unencumbered vehicles. Loan settled in 3 days.
Exit: Income from newly signed contract which will enable refinance through traditional leasing company.
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 lent the client the funds to complete the contract of sale via First Mortgage at an LVR % of 75%.
Exit: Refinance through a Major.
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 through a Major.
NWC Finance was approached to assist borrowers with urgent cash flow to purchase stock for their business. The borrowers were in a distressed state as they were going to lose the stock. NWC urgently paid out the first mortgage against the borrower’s commercial building and residential property and raised the extra funds to assist with the purchase of stock. NWC Finance assisted the borrowers with a loan amount of $2.1m.
Exit: Cash flow from the Sale of the Stock.
NWC Finance was contacted to assist borrowers in paying a business creditor. NWC Finance structured a 2nd mortgage secured over the borrower’s rural property and a caveat over their Residential property.NWC Finance managed to settle for the borrowers and this allowed them to keep trading.
Exit: Cash Flow.
Scenario: Client exchanged on a commercial property in QLD. Mainstream lender was unable to meeting settlement deadline and client required urgent funds within 24hrs. NWC lent 100% of purchase price secured via 1st mortgage on purchase property and caveat registrable 2nd mortgage on a high net worth NSW property. NWC was able to conduct required due diligence and arrange settlement within 24 hours of client applying for loan facility
Exit: Re-finance with original mainstream lender within the month.
Scenario: Clients owned an unencumbered rural block of land in North QLD and had an opportunity to purchase a new business at a discounted price. Clients approached their bank, however the bank wasn’t going to able to settle in time and the clients would lose the opportunity to purchase the business at the reduced price. NWC Finance lent the client $160,000.00 via first mortgage and had the loan settled in 2 days.
Exit: Refinance through a Major.
Client needed urgent cash flow for their business – $1,800,000.00. Security offered was a caveat over a hotel that the client owned which had exchanged contracts and a large deposit paid. NWC Finance was able to conduct all due diligence and valuation’s within 2 days and settle the loan.
Exit: Sale of the Hotel
Client approached NWC Finance to purchase a residential development site in a company name. The client required the loan urgently as they had a settlement date that couldn’t be extended and the major bank assisting them with the purchase wasn’t going to be in a position to settle in a 48 hour period. NWC Finance lent the client the funds to finalise the transaction via first mortgage over the property being purchased and caveats over other investment properties.
Exit: Refinance with major bank.
NWC Finance lent a client $3,350,000.00 to refinance their existing facility, as the existing lender had pulled in their loan facility, had marketed the property and where finalising the sales. NWC Finance was able to establish a loan facility within 48 hours and the client was able to pay out both the first and second mortgages on the property. This allowed the client to maintain possession of the property and prevent a mortgagee in possession sale.
Exit: Subdivision and sale of individual allotments.
Client approached NWC Finance for a loan to buy into a business they had made an offer on. Clients struck a great deal with the vendor provided they could settle in 48 hours. NWC Finance lent the client the money secured by mortgages over their investment properties and a charge over the company being purchased. Loan was settled within the time frame required.
Exit: Sale of Securities.
Client owns a property in metro Sydney and had negotiated a reduced pay out figure for the current mortgagee provided they could refinance by certain date. NWC Finance lent the client the funds by the due date saving the client a substantial amount of money.
Exit: Sale of property (market price).
NWC Finance refinanced a company with a portfolio of residential properties valued at $8.5m. Client was in arrears with their current mortgagee and were about to be placed into administration. NWC Finance was able to refinance their current facility and arrears of $6m which allows the company to sell the properties at market price.
Exit: Sale.