Moment of the month - January 2022

February 23, 2022

Location: Jimboomba, QLD

LVR: 60%

Loan Amount: $964,000

Use of Funds: Buy now sell later

Scenario: This month, we spotlight a recently accredited broker and their client. After waiting months for loan approval with her current lender, the Aussie homeowner was about to lose her dream property along with the already paid deposit.

In most Australian states, a two-week grace period is given if a property settlement deadline cannot be met in time, however, at this time in Queensland, the contract could be terminated immediately, meaning  would lose everything.

Due to these time constraints, waiting for the traditional lender to approve the bridging loan was not an option. Within just 24hrs of reaching out to Bridgit, we were able to accredit the broker, offer unconditional approval, and our customer was able to secure her dream home.

We couldn’t be happier to help another Aussie access fast bridging finance and purchase her Jimboomba property!

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