Two securities, four guarantors
On this occasion the loan structure was complicated, involving multiple securities, guarantors, and the need for Independent Financial Advice (IFA) and Independent Legal Advice. Additionally, the high LVR and fluctuating property values added further risk, making the journey to approval complex. Nevertheless, Titan Capitals credit and legal teams took on the challenge, fostered collaboration among the stakeholders, and ensured compliance fit for all the relevant legal and regulatory obligations.
11 Business days settlement
Remarkably in only 10 days, through the intense efforts of the staff this client was able to realise their investment aspirations and secured funding for a franchised milk tea shop they intended to own. A day later the loan was settled. Titan Capital takes pride in its role as a premier lender, providing customized solutions to meet the unique financing needs of its clients. With a team of experienced professionals, Titan Capital possess the expertise and dedication required to consistently deliver outstanding results, even when faced with challenging situations.
75
Loan-to-value ratio
To meet the loan requirements, Titan Capital had to provide a second mortgage loan of around $200,000, raising the LVR to 75%, which was a significant risk for the lenders. .
11
Loan Settlement
Despite these challenges, the lender managed to settle the deal within 11 business days and ensured that all parties involved in the transaction complied with legal and regulatory requirements.
$
200
Loan Amount
This collaboration within the credit team helped the clients achieve their investment goals, making it a challenging but rewarding project for the lender.
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