Perth developer gets $296,000 in the nick of time!
PERTH WA - When a major property developer decided to develop two major residential lifestyle estates in Perth he never thought he would run into a cash flow crisis.
The experienced developer had a “gap” that needed filling and fast. Two blocks of land needed to be settled and the bank finance just fell short…that’s when Accom stepped in.
“We are in the midst of negotiations with two Joint Venture partners in terms of finance for both developments and our next eight developments.”
With time running out and the vendor not willing to extend the option on the two blocks of land, “instant funding” from Accom was urgently needed to enable the settlement and the development to continue into the future.
Accom Finance has built a reputation on bringing two major assets to the table that other lenders consistently do not: speed and flexibility. Accom specializes in situational lending, whereby each loan is considered on its own merits. The results of discarding this 'cookie-cutter' approach is that Accom can close deals that others cannot, and close them in days instead of months, giving rise to the reputation that they can finalize loans that others consider 'impossible.'
Accom Finance can issue loan offers in as little as 1 hour, which often leads to settlements in as little as 48 to 72 hours. In some cases, when time is unusually critical, deals can be closed even quicker. Available financing ranges from $25,000 to $4 million.
If you have a client in need of urgent working capital or needing money for an investment call Accom today on 1300 652 158 or visit www.accomfinance.com.au
