This client had a tough year when they saw themselves heavily indebted to the Australian Taxation Office. On the brink, the client was notified their home may be subject to foreclosure. Take a look at how Titan Capital stepped in and secured funding to settle a $1 million ATO debt, preventing the client from potentially losing their dream home forever.
A business crumbling
Dedicated business development managers and a devoted credit team collaborated closely with the broker to rapidly address the client’s financial challenges. Through effective communication, Titan capital was able to identify that the borrower possessed a property that could serve as collateral, facilitating an equity release strategy to overcome the substantial $1 million ATO debt.
A tailored solution
To assist the borrower, Titan Capital proceeded to work around the clock, revising the letter of offer 4 times in quick succession to account for any new adjustments. Simultaneously, our compliance team worked in unison with the borrower to quickly establish a borrowing index of $6 million, using the aforementioned property asset as a means of equity release. It’s these type of bespoke solutions that Titan Capital excels in, tailoring a plan of action that is not only flexible but can also be executed within the tight deadlines required by the client.
A debt settled
Persistence and trust are crucial elements in any business relation and, in this case, were vital in the client quickly securing the funding necessary to keep their home. Titan capitals history is filled with similar stories. Dedication to the clients and a continuous effort to go above and beyond is what sets Titan Capital apart from the other lenders.
Loan Amount
$
6
M
The Titan journey succeeded
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