Bridging loan saved a client’s deposit

Scenario – Essendon VIC

A client was at risk of losing their deposit after their bank’s mortgage application process took longer than expected, threatening to miss settlement and resulting in a rescission notice

essendon vic front
essendon vic internal

Solution

The broker approached us for a fast bridging solution. Once we received the application, we swiftly sought valuations, fully assessed the deal and arranged loan documents — all within just four days.

This allowed the client to settle on their new home before Christmas, save their deposit and turn a stressful situation into a success. Delighted we were able to help in such a time-sensitive scenario.

LVR
70%
Loan amount
$1.7 million
Loan term
6 months

We approached Funding several months back as an alternative to our normal banks, and dealt with John from day one. From the start, the transparency was there, we knew pretty much at every point what was happening…..

Marty
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