Location: Sunset Beach, QLD
LVR: 43%
Loan Amount: $1.5M
Use of Funds: Buy now sell later
Scenario: There’s no doubt that the festive month of December can be a busy one, especially for the booming Australian property market. Earlier this month, NSW Macmasters Beach homeowner, Frances found the perfect property for her daughter to relocate to in tropical QLD.
However, due to such a tight turnaround time prior to Christmas, Frances was unable to secure financing from any other lender. 24hrs after reaching out to Bridgit, Frances was unconditionally approved for her bridging loan and was able to successfully purchase her new QLD home.
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!”