Southern Cross Partners offers short-term lending solutions when the banks won't. When we receive loan applications, we need to see all relevant information about your client and their unique needs, so that we can decide whether we’ll accept the loan, and craft a bespoke solution that’s fit-for-purpose for us, and your client.
The more comprehensive the application, the better, but there’s a few specific things bits of information we need to see on every application:
- We need to know who we are lending to. We want to know our clients, what drives them and why they need specialist lending.
- We need to know the situation. We want your clients to be in a better financial position once the loan term wraps, so we need to know if SCP is the right solution for them.
- We need to understand the asset. Providing us with a detailed description of the assets, photos, intended LVR and an up-to-date property valuation can help us speed the process along.
- We need to understand the repayments. Your client must demonstrate their ability to meet repayments within their application.
- We need to know the exit plan. Your client must outline a clear exit strategy in their application — whether through a property sale or bank refinancing.
With all necessary information, we can quickly determine whether we can loan to your client, and what the terms of that loan will be.
If we must decline a loan application, we'll explain why and suggest alternatives when possible. Our goal is to find sensible lending solutions, even when banks won't.
Clear communication is key. The more you share, the faster we can respond. Let's work together to get your clients from A to B.
