$17.0m Residential Property Portfolio Facility Refinance
$17.0m Residential Property Portfolio Facility Refinance
Service
$17.0m Residential Property Portfolio Facility Refinance
Client
Trading Business Supporting Property Investment
Location
NSW, QLD
The Challenges
Clients were referred to EMK Thomas to provide them with suitable loan structuring advice to deliver on the following challenges:
- Providing a debt facility leveraging against unutilised property equity to contribute towards strategic property acquisitions and property development
- Simultaneously refinance 9 lenders and consolidate 18 investment housing loans and commercial loan facilities across 6 borrower groups,
- Release clients principle place of residence from any financier security mix.
- Provide customer with a significant interest rate saving across the debt profile
Our Solution
EMK Thomas put together a tender process based on consolidating the clients debt and security, as well as providing an overall saving in funding costs that exceeded 1.5% on $17.0m borrowings.
Client's Result
Transaction was successfully tendered to 4 major Banks.
Ultimately partnered with a Bank that understood the clients current and future business direction as well as delivering on all the facility structuring requests.