Cash-Out
A cash-out facility is a refinancing option in which the new loan amount is for a larger amount than the existing loan in order to convert property equity into cash.
Cash outs are used for business and commercial purposes. NWC Finance understands the importance of converting property or project equity into cash quickly. NWC Finances strength is our ability to provide a cash out facility with no capped limit within 24 hours of receiving an application, unlike other financial institutions.
Typical commercial uses for Cash Outs are:
- Business cashflow
- Funds required to complete on a settlement, usually under a time constraint. Typically, clients will refinance this facility with a 1st or 2nd Tier lender at maturity.
- Payout of creditors
- Purchase investments
- Contribute towards development projects
Whether you require a small or large, uncapped cash out facility NWC Finance can assist.
RECENT SCENARIO
$2.1M Urgent Cash Out
Product Guide
1st Mortgages
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
2nd Mortgages
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
Cash Advance
- > Loans from $50k to $50m
- > Up to 60% LVR on wholesale value
- > Interest from 1% per Month
Plant & Equipment
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
Minimum Term of 30 days – Maximum Term of 6 Months with roll-over – Interest can be capitalised within LVR guidelines – All Australian locations considered for 1st and 2nd mortgages and Plant and Equipment security
Let’s talk
To learn more about our immediate finance and short term funding solutions, please contact us on 02 9223 7181 or email us at info@nwcfinance.com.au.