Borrower required urgent funding for settlement due to delay in their regular bank’s approval process. Vangeld settled the transaction within a 14 day turnaround providing a debt structure with a blend of senior and subordinated debt. This was a short term solution to bridge the gap between settlement deadline and bank funding.

We supported the purchase of the property by providing 2nd mortgage loan behind another non-bank 1st mortgage financier, to cover the borrower’s shortfall at the time of settlement.

After completion of the 20 lot development and registration of title, the developer required additional funding by in order to complete fitout works to a penthouse and commercial unit. Vangeld supported the developer with a residual funding solution.

We supported the purchase of the property by providing 2nd mortgage loan behind another non-bank 1st mortgage financier, to cover the borrower’s shortfall at the time of settlement.

After completion of the 20 lot development and registration of title, the developer required additional funding by in order to complete fitout works to a penthouse and commercial unit. Vangeld supported the developer with a residual funding solution.

Vangeld provided equity release to pay planning and council costs in order for the borrower to obtain development permit. Exit is via refinance and construction loan.

We provided GST funding at the time of settlement to support the borrower in completing the purchase of this site on a timely manner.