At Formation Finance, we’re all about providing tailored and straightforward funding solutions.

Recently, we had the pleasure of assisting a property developer in South Australia to refinance an existing maturing loan and purchase the adjoining vacant land from a JV partner who wanted out.

Our solution? A simple 12-month loan with prepaid interest, no minimum term, no early repayment penalties, no DA required, no income/serviceability required – all at a fixed rate (9.xx%).

Our client now controls an amalgamated site with DA anticipated within weeks to subdivide the newly acquired land combined with the existing backyard into a greater yield and projected profit.

Are you looking for simple, effective and flexible funding solutions? Get in touch now for a complimentary strategy session.