These clients want to buy a childcare business and are in urgent need of a high LVR or creative solution. Can you help?
This broker's clients are looking to purchase a childcare business and are in need of a high LVR or creative solution. Can you help?
Here are the details:
Here are the details:
- Freehold premises, plus one rental house on property: $700k
- Business purchase: $1.1m
- Three properties: combined value of $1.715m, mortgaged at $1.125m
- Combined super of $250k
- Business PL is at $300k PBIT for the last last three years.
- There is an equity shortfall for mainstream banks but they're looking to find a high LVR lender or other creative solution.
- They have signed contract with a 30 day approval, so need to move quickly.
