Industry or Sector: Solar and Renewable Energy
Deal Type: Investment Property Purchase, Refinance and Cashout
Client Situation
A self‑employed solar business owner came to us just one week before settlement on a $1.8M investment property purchase.
The purchase deposit relied on completing a $600k cash‑out refinance on their owner‑occupied property — creating a tight sequencing issue.
If settlement wasn’t met on time, the client risked:
- losing their $50k deposit, and
- potentially facing $5k in penalty costs.
Timing was critical and the client was extremely stressed that the deal may fall through.
Our Solution
We immediately structured and lodged both applications simultaneously:
- the refinance, and
- the investment property purchase.
Using our lending relationships, we escalated the file directly to the bank’s assessment and settlements team, securing same‑week approval and settlement for both components.
This ensured funds were released in time to complete the purchase without delays.
Outcome
- 7‑day submission‑to‑settlement
- $50k deposit preserved
- $5k penalties avoided
- Both refinance + purchase settled in the same week
- Client secured the investment property with complete confidence
Client Reflection
“We didn’t think this deal could be completed in time. We were relieved when everything settled exactly on the required day.”