Mezzanine Debt, $5m
Case Study by Adam G
We like to say we’re not your typical lender. We think about finance a little differently. That’s never more obvious to our clients than when things go a bit pear-shaped. Our decades in the industry mean we understand the ups and downs of the property market. So, when a local builder was referred to us requiring the urgent refinance of a maturing mezzanine loan secured by two residential investment properties in Toorak valued at $5M, we were confident we could help.
Like for many builders, cash flow was king, and the risk of falling foul to a hostile lender threatened his business and projects. However, true to form, Jadig swiftly arranged a face-to-face, quickly understanding our client’s predicament and got cracking on a solution. We were able to provide indicative terms in 48 hours, carry out a site visit, coordinate a fresh valuation, negotiate a priority deed with the senior lender and ultimately refinance the second mortgagee – all in 4 weeks. The outcome? By moving fast, we kept the clients costs down, avoided unnecessary penalties, and proved an efficient solution for all parties was possible.
Jadig is not a bank, but we have the security, reliability and trust you need in a financier. Our experience gives us confidence, and that translates to speed. We can respond quickly, pivot when necessary, balance risk and be creative in the solutions we provide. That’s what we did for our Toorak client.
We never take our eye off the ball. We address issues pragmatically and promptly. Our different, un-bank approach means we have our clients’ backs when they really need it.