The Client

Singapore PR with a maritime business uses GMG Bridge Loan to purchase equipment to service whilst awaiting an international government contract.

The Property

Luxury penthouse condo in District 9 with a current SG bank loan.

The Deal

To secure S$4,000,000 to purchase new equipment required for a large and lucrative contract.

The Challenge

Client had decreasing cash flow and liquidity needed to obtain a standard Singapore bank loan nor could he wait for the lengthy underwriting period required. He needed immediate funds to take advantage of a business opportunity which would expand his business. Current loan was with a local Singapore bank and required a three month redemption notice.

The Solution

GMG reached out to our family office network to secure a first position loan. Assisted the client to liaise with the bank holding his mortgage to get an immediate release. Closed the transaction with 6 working days giving the client the required funds needed to purchase the equipment and secure the contract.

Loan Details

Loan TypeProperty ValueLoan AmountLTVGMG Program
Bridge Cash-Out $7,000,000 $4,000,000 57%GMGSG Bridge
Loan TypeBridge Cash-Out
Property Value$7,000,000
Loan Amount$4,000,000
LTV57%
GMG ProgramGMGSG Bridge

Leave a Reply

Your email address will not be published. Required fields are marked *

Schedule a call with our International Mortgage specialist.