SYDNEY, NSW 29th May 2006 – An Adelaide property developer had two homes built to 85% of completion. A cost overrun stopped the project in its tracks . With no capital from the construction funder leftover, the developer could not settle the 'off the plan' sales.
Accom was introduced to the client, without hesitation we quickly assessed and settled the loan in three days lending up to 80% LVR of the 'as is' value.
Most banks and conventional lenders are hesitant to consider at 'lock up' stage securities, but we embrace it. “We routinely make commitments in days. With our ability to fund partially completed projects as security, we deliver the kind of speed and flexibility necessary in today's market - and which few besides Accom can deliver.”
Accom’s evaluative process is quick, expert, and thorough, determining the intrinsic value of both the collateral and the project for which the funds are requested. The firm has the ability to issue loan commitments in as little as 1 hour, which can lead to a closing in less than three working days.
If your client requires urgent funding in South Australia or anywhere nationwide, call Accom today on 1300 652 158 or email accom@accomfinance.com.au
