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Archive for the ‘Short term capitalised loan’ Category
Bridging finance for dementia care
Background
An elderly couple, aged 92 and 83, required funds to cover the remaining balance for purchasing a right-to-occupy unit at a dementia care village, which one of the applicants needed to move into urgently. The clients approached Avanti because they did not meet their mainstream lender’s criteria. They did not wish to sell their owner-occupied [...]
Retired couple needing funds to complete renovations on a unique beachfront property
Background
A retired couple urgently needed $700,000 to complete a 95% renovated bespoke beachfront property in one of New Zealand’s most idyllic locations.
Challenge
Due to Covid-19 time delays and increased building material costs, they had significant cost overruns that they had not accounted for in their build budget. They had used up all their savings [...]