Benefits that accrue to construction finance borrowers across Australia
Bridging finance is short term finance that has been arranged until long-term funding (or a sale) can be put in place.
If you have a temporary cash-flow problem that arises from the common situation of having to wait to sell an existing property to buy a new property, then Lightspeed may be able to assist.
Speak with an advisorScenario
Business purchase deadline
The client had to settle on a business purchase and his bank did not approve the transaction in time. The client’s transaction was at risk, and he approached Lightspeed with a week to go to settlement date. The bridging loan was approved using a second mortgage over his residence and the client settled on time. Business finance approval took a further two months and Lightspeed was paid out.
You may also like to learn more about second mortgage loans.
Facing a settlement deadline of your own? Speak with one of our advisors today, or call 1300 133 406.