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At Rhodes Financing Solutions, we carefully evaluate loan applications based on the value of collateral and loan merits, including:
Accelerate the funding process for your clients through streamlined applications and dedicated assistance.
You can submit a scenario by email or fill in the form by clicking the button below.
We will email an indicative quote outlining loan terms, rates, costs, and documents required.
If you and your client are satisfied with the indicative quote, we will issue a formal letter of offer with loan specifics and brokerage fee.
If the borrower wishes to proceed, return the offer signed and dated by the borrowers along with the requested documents.
Settlement is done, once loan documents are signed and funds are transferred. Your brokerage fee will be disbursed as per the agreed terms.
Borrowers: 3 Doctors in Melbourne formed a new company and signed contract to purchase vacant land in Geelong VIC with the intention to obtain DA approval to subdivide into smaller lots.
The Challenge: their bank would not approve their loan.
Our solution: We loaned them 100% of the purchase price, settlement in 2weeks.
Loan amount: $2.85 mil, with interest capitalized.
Security: 1st registered mortgage over the property being purchased; 2nd registered mortgages over their 3 houses in Melbourne; GSA over the company; Directors Guarantees
Term: 12 months
LVR: 60%Interest
Rate: 15% pa
Establishment Fee: 1.65%
Broker Fee: 1.1%
Exit strategy: sell as a DA approved site or refinance to a construction loan
Borrowers: Company (name excluded for privacy reasons)
The Challenge: Borrower needed to pay overdue $180k ATO debt and a further $200k for working capital for her business.
Our solution: we loaned her $480k as a 2nd mortgage, including interest cap
Security Location: Epping NSW 2121
Property value: $3.9M
1st mortgage: with a 2ndtier lender $2.22M
LVR: 70%Loan term: 6 months
Interest rate: 20% pa
Establishment Fee: 2.2%
Broker Fee: 2.2%
Exit strategy: refinance, or repay in full from cash flow.
We are a small team of professionals that offer bespoke broker services. Our process has been developed to get your deals closed without wasting time.
Our team is made up of industry professionals that brings a wealth of expertise in Financial Services, Accounting, Lending, Venture Capital, Funds Management and Law.
Faster deals and reliable funding lead to happier clients and faster income for the broker.
Brokers often deal with complex financing scenarios. Tell us what you need and we will customise a solution that works for you and your client.
Leave us a message and we will be in touch shortly to discuss how we can help with your business needs.
Rhodes Financing Solutions understands small businesses and values client relationships. Partner with us for hassle-free, quick solutions for your clients.