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Location: Jimboomba, QLD
LVR: 60%
Loan Amount: $964,000
Use of Funds: Buy now sell later
Scenario: This month, we spotlight a recently accredited broker and their client. After waiting months for loan approval with her current lender, the Aussie homeowner was about to lose her dream property along with the already paid deposit.
In most Australian states, a two-week grace period is given if a property settlement deadline cannot be met in time, however, at this time in Queensland, the contract could be terminated immediately, meaning would lose everything.
Due to these time constraints, waiting for the traditional lender to approve the bridging loan was not an option. Within just 24hrs of reaching out to Bridgit, we were able to accredit the broker, offer unconditional approval, and our customer was able to secure her dream home.
We couldn’t be happier to help another Aussie access fast bridging finance and purchase her Jimboomba property!
In the fast-paced world of real estate, timing can make all the difference. For one homeowner, navigating the usually lengthy process of securing a loan meant risking the loss of her dream home. Read more about how we helped this homeowner secure her next home to better suit her lifestyle - “I can clean this place in like half an hour!”
Meet Sue and Ralf - retirees from North NSW who were able to move into their dream retirement home with our fast and accessible single security bridging loan. Read more about Sue and Ralf’s story.
When negotiations for a same-day settlement fell through, this homeowner’s broker reached out to Bridgit in need of urgent bridging finance.
