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$4.5M provided to refinance existing facilities and for additional investment
High LVR facility of 80%.
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$10.0M to assist with refinance of owner occupied premises
High LVR facility of 85%.
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| Facility provided without Director's guarantees. Funding structure removed cross-collaterization of assets that was a feature of previous financing arrangements. |
Allowed customer to reduce borrowing costs by consolidating existing finance facilities into one loan and provided additional funds for plant and equipment capital expenditure. |
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$4.5M provided for refinance and investment purposes
High LVR of 80%.
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| Additional funding gave customer opportunity to move quickly on further property acquisitions. |
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$1.0M to assist with purchase of commercial property
High LVR facility of 80%.
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| Allowed customer to relocate from previously leased premises to their owner occupied property sooner than expected. |
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$3.0M provided via 75% LVR Line of Credit |
| Stand alone facility with no recourse to Director's trading business or personal assets. Borrower wanted freedom to draw and repay at anytime for entrepreneurial reasons. |
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