Helping a Restaurant Owner to Refinance and Cash Out for Business Equipment
Occupation
Self-employed – Restaurant Owner
Location
VIC (CAT 1)
Loan Amount
$2,450,000
LVR
65%
Property Type
House
Scenario
Mr. T has been in the hospitality industry for many years and operates several successful restaurants. He is looking to refinance his home loan and cash out $150,000 to upgrade the commercial cooking and refrigeration equipment for his restaurants. Working six days a week, Mr. T would rather spend time with his family than go through the tedious and complex paperwork. Therefore, his broker has suggested that he consider Alt Doc finance.
How did Brighten help?
Under the Alt Doc Prime policy, Mr. T provided Brighten with an Accountant’s Letter to verify his business income. Brighten approved his application within 48 hours under the Brighten Boss® Prime product.
Fees, charges, lending criteria applies.