The Situation
A client needed funds to assist with the settlement of a block of units located in Sydney. Due to time restrictions, mainstream lenders could not assist in the required timeframe. An urgent bridging finance solution was required.
The Solution
NWC Finance settled via a first mortgage over the block of units in 4 business days, allowing the client to meet their settlement deadline and proceed with the purchase, keep their deposit and prevent possible legal action if the units sold for less than their purchase price.
The Outcome
The borrower managed to complete the acquisition and refinance to a long-term facility within 4 business days.