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Equipment & Asset Funding Scenarios

Urgent re-finance required

THE SCENARIO:

Purchase vacant development block outer suburb Brisbane
Issues with existing lender & in need of an urgent refinance
Loan only needed for 3 months whilst development funding finalised through IBN Direct

OUR SOLUTION:

$460,000 loan provided at 65% LVR
15% pa for 3 months
Valuation was NOT required, nor were financials as relied on exit strategy
Development offer for $6.8 million also provided (minimal pre-sales)
What We Do

If the banks aren’t revelling in your entrepreneurial spirit, don’t let them rain on your parade. Let us help!

Who We Are

We’re inspired, we’re driven and we have a solution to every funding need. Learn more about IBN Direct.

Alternative document for income servicing

THE SCENARIO:

Purchase operational equestrian centre – Gold Coast
Alternative document for income servicing
Broker had been to all banks and 2nd tier lenders

OUR SOLUTION:

$730,000 loan provided
70% LVR
11.75% pa for 12 months

Don’t be afraid to chase your dreams; let us find the solution to fund your project so you can make your mark!

  • I would have no hesitation is recommending them for future transactions that are difficult to place for your customers.

    Glen Barnes - Broker

  • They are truly a team of hardworking, honest and ethical individuals that have a passion for what they do.

    Steve Barnfather - Foundation Capital

  • We had just over a week to come up with some funds... and they did! The solution was in place and ready to settle a few days later.

    Jason A. - Broker

  • They is our introducer of choice and I would encourage brokers to join their network

    Private Funder

  • I would like to thank you personally for your professional advice and direction. The lender also appears an excellent company to deal with. Your expertise was brilliant !!

    Brian - Sunshine Coast

  • Nothing is too much trouble for the team and the services that they offer to both the client and the funder are second to none.

    Funder

  • Thank you for a great start to my day, breakfast with John Anderson, WOW!!! Every person in that room left in awe and touched by a Man driven by an idea. I see things differently now.

    Andrew - AJM Music

  • Provided a fantastic service and I would recommend them to anyone.

    Rod Garland - Financial Counsellor

  • Thank you for a great start to my day, breakfast with John Anderson, WOW!!! Every person in that room left in awe and touched by a Man driven by an idea.

    Andrew - AJM Music

Income from China

THE SCENARIO:

Purchase vacant development block Adelaide metro
Needed to settle urgently
Client income is in China
Loan only needed for 3 months whilst funds came from China

OUR SOLUTION:

$1 million loan
60% LVR
15% pa for 3 months only
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Valuation not required

THE SCENARIO:

Client needed urgent 2nd mortgages for 3 months
One of clients suppliers had gone into receivership
Clients needed to keep business purchases and subsequent sales flowing whilst alternative supplier sought

OUR SOLUTION:

$200,000 loan provided across several Victorian properties
A valuation was NOT required
3% per month settled within 2 weeks

$1.3 million loan needed for 6 months

THE SCENARIO:

Development block Brisbane.
Client in default with existing lender as had not been able to arrange refinance for construction funding.
Most lenders would not look at transaction due to defaults.

OUR SOLUTION:

Private lender sourced at 65% LVR.
15% pa.
$1.3 million loan for 6 months.
Refinanced within 10 days.
Valuation not required.

$150,000 required urgently for business acquisition

THE SCENARIO:

Client owned unencumbered property in Brisbane.
Needed $150,000 urgently for business acquisition.
Funds needed for 1 month only.

OUR SOLUTION:

Loan funded within 24 hours.
Valuation not required.
Financials not required.

Development block urgent settlement

THE SCENARIO:

Client needed to settle a development block urgently.
65% LVR required.
DA not in place yet.
Financials not available.

OUR SOLUTION:

$1,700,000 loan provided.
Settled in 10 working days.
14% p.a.
Lender and their solicitor worked through a weekend to ensure settlement happened in timeframe.
Client was able to keep hold of the block whilst they go through the DA process with council.

Preserved the Client’s Cash for DA process

THE SCENARIO:

Client purchased house in a suburb with a development overlay.
The property to be developed.
Mainstream lender required security be valued as a vacant development block (not a residential house).
Max lend for mainstream 60% LVR.
$690,000 purchase price.
Asset rich client.
2 week settlement period required.

OUR SOLUTION:

<strong>$6,000,000 loan sourced:</strong>
Low 6% rate for completed development.
Rental income as servicing.
Full refinance plus considerable amount of working capital.
<strong>$7,900,000 construction loan sourced:</strong>
For completion of 36 unit development.
11.25%pa.
69% LVR, based on GRV.
Pre-sales & financials not required for servicing.

Asset Lend

THE SCENARIO:

Completed high end sub-division (vacant land $2.5m per block).
No financials.
Capitalised interest required whilst selling.
Sales taking longer than expected.

OUR SOLUTION:

$2,150,000 loan.
6 month term with ability to roll over for 6 months.
18% pa.
Valuation not required.
6 months interest capitalised with provision for another 6 if needed.
Additional cash out provided for maintenance and marketing.
Asset lend.

Short Term Bridging Finance

THE SCENARIO:

The client had sold their residential property to a developer and subsequently purchased a new residence.
Both sale and purchase were unconditional, however, the developer asked for an extension for their settlement.
Vendor for the new purchase refused an extension so settlement needed to happen within 4 days.

OUR SOLUTION:

Short term bridging finance for $1.65m organised.
Application received on a Wednesday -formal approval same day, accepted the next day & mortgage documents ordered.
A valuation was not required.
Mortgage documents signed on Friday and settlement occurred on the Monday, exactly as requested.
1.5% per month for a 1 month term.

Financials not available

THE SCENARIO:

Client had several residential blocks as residual stock from previous land sub-division.
Financials not available.
Client needed to refinance existing loan and capitalise interest until blocks sold. Also needed additional cash-out as working capital for maintenance of development.

OUR SOLUTION:

$2,600,000 funded within 10 days.
Valuation was not required.
All interest was capitalised.
Working capital provided.
15% pa, with no minimum term.

Urgent cash out required

THE SCENARIO:

Clients had commercial loan with mainstream lender and needed cash out urgently to fund payments to outstanding creditors, including ATO debt.

OUR SOLUTION:

$530,000 funded at 4% per month for 2 months
Settlement occurred within 3 days of receiving application
Client then exited back to mainstream lender once affairs were in order

Why Choose IBN?

At IBN, we work closely with our panel of Funders, to move quickly on your loan application. We understand that ‘time is money’ and we make the loan process as seamless as possible. Our experienced staff assist you every step of the way with frequent communication on the loan progress.

We present options that others didn’t know existed

We search for solutions and enjoy the challenge of complex loans

We understand the complexities and requirements for a commercial loan application.

We explain our cost-structure from the outset so that you know what to expect.

Hear From Our Clients

  • Thank you for inviting me to your latest evening to inspire with Sarina Russo. It was a fabulous night of positivity with inspiration, networking over great food and company. I received so much from it personally to take away and implement into my business and every day way of life. I can’t wait for the next event!

    Joey Mogg

  • The speakers were excellent and engaging, guided by a charismatic and knowledgeable MC. A unique opportunity to get up close and personal with such sporting legends. Thank you.

    Mark Papallo - Simpson Quinn Lawyers

  • The team always go that one step further to achieve an outcome. If at all possible, they achieve results for their clients. Communication channels are an extremely important part of this business, and they have an excellent system. Dealing with them is professional, at the same time keeping the personal touch as its focus.

    Private Funder

  • Thank you to Fiona for inviting me to the event on Wednesday night to listen to Sarina Russo, not only was the talk interesting but the people I met were great company and I learnt much.

    Cyndi O'Meara - Changing Habits

  • Many thanks to Scott and the team for the invitation to see Glenn Cooper speak at the breakfast event recently. He was a great story teller and gave me plenty to think about – very inspirational as well.

    Steve Hartley - MAICD - Bluemount Capital

  • Today, I was invited by Scott Roberts to breakfast with Glenn Copper from Coopers Brewing. I thought I was going to learn about my favourite wind down.. Beer. But, I was inspired by a Family owned business who cares about their brand and family values. Thanks Scott & Fiona.

    Tim Gall - Pelican Waters Golf Club

  • Thanks for the invite to a yet another great event. Glenn Cooper provided some wonderful insights into the history, structure and challenges of Coopers Brewery since its humble beginnings 150 years ago. Thanks again and to Scott Roberts for hosting us at breakfast.

    Rick Hipwood - CTB Group

  • I have utilised Scott’s services on a number of occasions, to assist with complex or unusual finance applications where I was not able to assist my clients. Scott was able to assist me on each occasion, and made the process simple and allowed me to keep my clients happy with their needs met as required. I have no hesitation in recommending Scott.

    Terry Hill - Broker

  • Great day thanks Scott, I always meet other like minded professionals to build referral relationships with and the entertainment, food & company tops it off for an awesome event. Thanks so much for the invite up and for continually running these gottogoto events!

    Darren Fidoe - Fundamental Business Finance

  • I found Allan Pease to be a highly entertaining and amusing speaker and one who gives an insight into peoples feelings and attitudes being expressed by their facial and body actions. I am looking forward to more excellent speakers in 2016.

    Roy Henzell - Henzells Agency

  • As a guest at their recent Allan Pease speaking event, I was genuinely amazed at the global experience Allan shared with the room. Thank you to Scott and Fiona Roberts (and the whole team) for the passion you share with the Sunshine Coast business community. Brilliant work!

    Bill Darby - Rumba Beach Resort

  • Loved the Event! Inspiring, uplifting ...a whole room jammed full of positive! Thanks so much for the invite, stayed in a positive mindset for the whole week! Perfect for team building and personal empowerment. Have been privileged to see 3 amazing speakers and each has lifted the soul to greater heights. Many, many thanks.

    Marlene Murray - Maleny Manor

  • It is really wonderful that your team are getting behind ‘Think Speakers and Events’ and ‘Profile’ magazine. Lisa Wilkinson was an excellent speaker and it was a great privilege to have dinner with her. Thank you for the opportunity.

    Nicole Bochow - Poole Group Accountants & Investment Advisers

  • Thanks so much to Fiona and the team for the invitation to the Sarina Russo Think Speakers event. It was great to be surrounded by so many wonderful local business people and hear the highs and lows of Sarina's journey.

    Belinda Forman - Traffika

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