12 Aug Access to Short Term Finance Success
The client required short term finance to enable him to pay out his life/business partner in the time required by the court and continue to operate the farm until the timing was right for property sale. Finance was required within 6 weeks due to court order.
Robinson Sewell Partners sourced funding from a non-bank lender. By securing finance the client was able to avoid further court proceedings potentially costing him hundreds of thousands of dollars. The property was able to be marketed at a time when sales potential was at its highest and the lease agreements that were in place had expired.
LOAN AMOUNT: $1 325 000
ENTERPRISE: Broadacre & Sheep
TYPE: Non-Bank Lending
LOCATION: Rural Mid North SA
TIMING: Settled within 6 weeks