At Salvest, we understand that time is of the essence for developers.
We recently worked closely with a client to settle an application within seven days of being lodged. The application was lodged on the 15th of May and we were able to settle required funding by 21st May, 2021. Our client required a short term, mezzanine finance loan in speedy time, to get moving with their development. The $4.5 million in funding will be used toward a pub and hotel, which is located in Sydney’s vibrant inner-city suburb, Alexandria.
With many larger financial institutions currently declining funding within the hospitality industry due to COVID-19, we’re pleased to be able to deliver on our promise of ‘making lending easy’ and also in making lending possible.
If you’re a commercial developer looking for a loan with quick turnaround time, talk to us!