CLIENT SCENARIO #1 Why did this client need our funding: Bridging finance to help a property investor who needed access to equity tied up in their long-term investment portfolio to support a refinance of another portion of their portfolio from an expensive short-term funding arrangement. Amount: $150,000Industry: Property investmentLocation: Waikato / AucklandLVR: 65%Type of security: Second mortgage […]
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At Merx, we love catching up with clients to hear how our funding has impacted their projects.
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CLIENT SCENARIO #1 Why did this client need our funding: Funds required to complete a subdivision, section has sold unconditionally and will settle once the title has been issued. Amount: $100,000Industry: Residential property developerLocation: Auckland CityLVR: 65%Type of security: Second mortgage over residential property.Path to repayment: Funds from settlement of section once subdivision is complete.
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