Crucial cash injections

Providing leading short-term solutions, nationally:
1300 731 317

Scenarios

Providing working capital to facilitate business growth

An established smash repair company in the inner city of Melbourne required funds quickly for a renovation at their shop, and to upgrade some specialist equipment vital to operations. Interim Finance was able to provide the short-term cash injection required to grow this business through a 2nd mortgage.

Loan type
Loan amount
Loan term
Borrower
Security offered
Outcome

2nd mortgage
$505,000
4 months
Incorporated entity
x1 residential property
Successfully refinanced

Enabling a new restaurant to open on time

A new pizzeria and Italian restaurant located in Sydney’s CBD needed working capital to complete the finishing stages of its fit-out and the installation of a commercial-grade kitchen. A caveat loan through Interim Finance enabled the restaurant to receive the vital lending required to open on time and start trading.

Loan type
Loan amount
Loan term
Borrower
Security offered
Outcome

Caveat
$85,000
6 months + 6-month roll-over provision
Sole trader with a registered ABN
x1 residential property
Successfully refinanced

Completion of a residential development project

Interim Finance was able to assist with the completion of a residential development project in the heart of Brisbane. Loan funds were disbursed by way of a drawdown schedule, subject to progress of works, which in turn reduced the total interest costs incurred by the borrower.

Loan type
Loan amount
Loan term
Borrower
Security offered
Outcome

Caveat
$260,000
12 months
Incorporated entity
x1 residential development project
Sale of security property

ATO payment liabilities alleviated

Interim Finance was approached by a broker whose client required short-term financing to assist with the repayment of outstanding taxation and superannuation payment liabilities incurred by the operations of the borrowing company. The client was able to refinance quickly and seamlessly through a short-term 1st mortgage.

Loan type
Loan amount
Loan term
Borrower
Security offered
Outcome

1st mortgage
$1,836,000
2 months
Incorporated Entity
x2 residential & x1 industrial properties
Successfully refinanced

Bridging finance = completion on new property

A couple in northern Sydney exchanged on a new residential property that was due to settle prior to the completion date of their current residence and had been let down by a major bank with settlement timings. Consequently, they risked losing the deposit paid on their new residence. Utilising the equity in the existing property, Interim Finance advanced a bridging loan that assisted the borrowers to complete on their new purchase.

Loan type
Loan amount
Loan term
Borrower
Security offered
Outcome

Caveat/ 2nd mortgage
$282,000
2 months
Individual
x1 residential property
Successfully repaid by way of sale proceeds