HAWTHORN VIC

Classic prime bank client purchases a $4.2m acquisition only to realise after 12 months seeking a DA almost approved revaluing their land at $6.5m+, their bank at the last minute required full updated audit on the borrower due to his many companies even though it was a stand alone 55% LVR facility in a prime location, his bank simply couldn't approve and settle the loan at 55% LVR. After being referred by a lawyer, ACMF promptly married up an investor seeking prime security in the general area at 8.5% pa rate and settled within 5 business days (2017).

Short term settlements usually require a short term lender that performs quickly but at high rates however ACMF had an investor requiring quality borrower and quality security and happy to earn less (and sleep at night). A win win for all