[vc_row full_width=”stretch_row_content_no_spaces” content_placement=”bottom” css=”.vc_custom_1534216852146{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;background-color: #eeeeee !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column css=”.vc_custom_1534209934229{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”][rev_slider_vc alias=”red-knight-case-studies”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content_no_spaces” bg_type=”bg_color” bg_color_value=”#af1e23″ css=”.vc_custom_1534987371577{padding-top: 0px !important;padding-bottom: 0px !important;}”][vc_column css_animation=”slideInLeft” css=”.vc_custom_1534900250060{padding-bottom: 40px !important;}”]
Our client, a property investment JV, was looking for funding for a 64 lot residential land subdivision in a major regional NSW town which was to be built over two stages.<\/p>\n
They had approached their existing bankers however, this major financial institution was unable to assist as they wanted pre-sale cover over the entire subdivision rather than on a per-stage basis.<\/p>\n
Our client believed this was unreasonable and approached Red Knight Financial Services to help find finance which would allow them to start construction without any pre-sales. Red Knight facilitated an approval for a land subdivision loan through a private, non-bank lender which was able to cover the cost of the entire subdivision as one stage.<\/p>\n
Construction on stage one could commence with no pre-sales required however, the second stage could only commence once 50% of stage one had been pre-sold.<\/p>\n
Facility Amount: $4,500,000 <\/strong> Our client was a pharmacist in the final stages of negotiation to purchase a CBD based pharmacy, but the bank would only extend to 70% of the purchase price, leaving a shortfall of $250,000 of the total purchase price.<\/p>\n As the settlement was fast approaching, Red Knight Financial Services was able arrange an unsecured loan – which was approved in 24 hours – and funded just four days later which allowed the sale to go through and the pharmacist was able to proceed with no penalty.<\/p>\n Facility Amount: $250,000 <\/strong> We were approached by a client operating a successful business in a major regional Queensland town who was looking to buy their current premises which was in the hands of receivers. The customer\u2019s financials weren\u2019t up to date which made borrowing from a major bank problematic.<\/p>\n Working with their accountant, we were able to secure a low doc loan quickly, so they could take advantage of the opportunity and settled within a month. Prior to securing the premises outgoings for rent were over $270k however, loan repayments were approximately $150k so not only are they saving on rent but they are working towards a capital gain as well.<\/p>\n Amount borrowed: $1.5m <\/strong>
\nLVR: 65% of GRV<\/strong>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1534745980903{margin-right: 0px !important;padding-right: 0px !important;background-image: url(http:\/\/redknightfinancial.com.au\/wp-content\/uploads\/2018\/08\/case-study-property-development.jpg?id=401) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content_no_spaces” equal_height=”yes” content_placement=”middle” css=”.vc_custom_1534296830221{padding-right: 0px !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1534746316812{padding-left: 0px !important;background-image: url(http:\/\/redknightfinancial.com.au\/wp-content\/uploads\/2018\/08\/pharmacy-fit-out-loans.jpg?id=403) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1534218601167{margin-right: 0px !important;padding-right: 30px !important;padding-left: 30px !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column_text]<\/p>\nUnsecured lending for medi-professional<\/h2>\n
\nInterest rate: 14% unsecured<\/strong>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content_no_spaces” equal_height=”yes” content_placement=”middle” css=”.vc_custom_1534296819018{padding-right: 0px !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1534218576035{padding-right: 30px !important;padding-left: 30px !important;}”][vc_column_text css=”.vc_custom_1534987452178{padding-top: 20px !important;}”]<\/p>\nLow Doc commercial finance<\/h2>\n
\nLVR: 70%
\n<\/strong>Rate: 6.5%<\/strong>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1534808379132{margin-right: 0px !important;padding-right: 0px !important;background-image: url(http:\/\/redknightfinancial.com.au\/wp-content\/uploads\/2018\/08\/low-doc-commercial-loans.jpg?id=406) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row_content_no_spaces” css=”.vc_custom_1534824695274{background-image: url(http:\/\/redknightfinancial.com.au\/wp-content\/uploads\/2018\/08\/case-studies-cta.jpg?id=456) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column css=”.vc_custom_1534824506882{padding-top: 50px !important;padding-bottom: 50px !important;}”]