How bridging finance can help your clients navigating marital separation

Background

When a couple undergoing separation needed to purchase two separate retirement units within 30 days of each other, they needed to secure a fast, flexible bridging loan.

Let’s take a closer look at the loan scenario:

LVR: 71.35%
Loan amount: $921,800
Loan purpose: Martial separation repayment pause and purchase leasehold units
Loan term: 12 months

Our Objective

To help the client with tricky legal fees, shared assets to divide, and new housing arrangements to sort out.

Use their existing martial home as security

Our Solution

The loan funded the purchase of the first retirement unit, holding the remaining funds in the solicitor’s trust account until the second retirement property reached settlement.