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Deal of the Month – April 2021

By April 26, 2021 December 14th, 2021 No Comments

Property Location: Elizabeth Beach, NSW

LVR: 75%

Loan Amount: $937 500

Use of Funds: Property purchase

Scenario: A self-employed borrower needed urgent settlement for the purchase of a holiday property on Elizabeth Beach in NSW. Unfortunately, due to the non-standard income, approval with a traditional lender was taking too long, despite the profitable business with turnover in excess of $5,000,000. With no time to spare, the borrower contacted the team at TechLend and received pre-approval for a bridging loan within the hour.

TechLend’s fast, fair and simple financing options gave this customer:

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