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LOAN APPROVED $120,000 property developer

posted 20 Jul 2015, 19:44 by Phillip Smith   [ updated 20 Jul 2015, 20:05 ]

$120,000 approved when others said no

Background: Mr James (not real name) is a property developer, subdividing a large block in the southern suburbs of Perth but ran out of money. He already maxed out his equity with mortgages to the Bank and now faced with extra costs on property such as sewerage, fencing and such, without additional funds he can not get final sign off from the council to apply for the titles.

All traditional lenders would not budge (strict rules) whereas QUE CAPITAL are *loan entrepreneurs, within a day we access the case and figured out how to provide $120000 so Mr J could complete works to apply for titles. With the approval he was able to begin pre selling blocks to discharge his debt with QC and re access costs.

Another win/win where QC partner with people to solve, who's next......