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Property Cash Out VS Equity Loan — Pros & Cons

March 1, 2024 No Comments

Property Cash Out, often referred to as cash-out refinancing, and Equity Loan are financial strategies that leverage the value of your property for additional funds.

How to Get Quick Funding for Your Business?

March 1, 2024 No Comments

Quick funding, as facilitated by Greystone Advisory, emerges as a powerful solution, providing businesses with the financial agility needed to navigate challenges and seize opportunities.

What is the Highest Loan Amount for Personal Loans?

March 1, 2024 No Comments

A personal loan is a versatile financial tool that provides individuals with a lump sum amount, typically unsecured, to address various financial needs.

How to Get a Home Mortgage Loan with Bad Credit?

February 29, 2024 No Comments

Securing a home mortgage loan with bad credit may seem challenging, but with the right guidance and strategies, homeownership remains attainable.

How to Apply for a SME Business Loan with Fast & Easy Approval?

February 29, 2024 No Comments

Secure the financial backing your SME needs swiftly and effortlessly with Greystone Advisory, your trusted loan broker.

Guide to Urgent Loans for Bad Credit in Singapore

February 29, 2024 No Comments

In times of financial urgency, securing a loan swiftly becomes imperative, especially for those grappling with bad credit.

Challenge 6	MULTI-PROPERTIES OWNER
Deal Type	Refinancing (with fresh cash-out)
Property	Good Class Bungalow (“GCB”) in Holland vicinity
Property Value	$70M
Existing Mortgage	$28M
New Loan Amount	$50M (with fresh $22M cash-out)
LTV	71.4%
Synopsis	At the age of 60, our borrower stood as a seasoned property investor with a remarkable portfolio of prestigious GCBs and luxurious Sentosa Bungalows. His journey was a testament to years of astute investment decisions. However, even a seasoned investor can face hurdles. Despite his impressive corporate and professional profile, the ever-evolving TDSR regulations had cast a shadow over his aspirations for further financial growth. His own bank had to adhere to these stringent regulations, leaving him unable to access additional facilities.
Solution	With determination and creativity, we set out to secure a $50 million mortgage loan from a non-bank lender. What made this solution stand out was the 18-month interest servicing repayment plan. Now equipped with fresh capital, our borrower could breathe new life into his retail business, expanding it like never before with a $22 million cash-out facility. But our assistance didn’t stop there. We successfully guided the borrower in refinancing the mortgage loan back to a local private bank just nine months after the initial disbursement. This win is a narrative of resilience and adaptability.

Challenge 3	POOR CREDIT GRADING
Deal Type	Refinancing with Fresh Cash-Out
Property	Bungalow in Katong
Property Value	$9M
Existing Loan	$5M
New Loan Amount	$7.5M (with fresh $2.5M Cash-Out)
LTV	83.3%
Synopsis	At 62 years old, our customer faced a roadblock. His aspirations for additional mortgage financing hit a snag as his bank hesitated due to both his age and an unfavorable “HH” credit bureau rating. This rating was a result of overdue credit card facilities amounting to a hefty $1.2 million.
Solution	With a determined spirit, we sought out an alternative path. Through our network of non-bank lenders, we secured a remarkable $7.5 million term loan facility. It was not just a financial transaction; it was a lifeline. The first step was to use $2.5 million of this fresh term loan to clear off the burdensome $1.2 million in overdue credit card facilities. It was a moment of relief, a chance to leave the past behind. But that was not all. The remaining funds were now at our customer’s disposal for personal investments, a fresh start to chase new dreams. This story encapsulates our commitment to finding solutions when doors seem closed. .

Challenge 8	URGENT SHORT-TERM LOAN REQUEST
Deal Type	2^nd Charge (Caveat) Loan
Property	Terrace House in Watten Estate
Property Value	$5M
Existing Mortgage	$2.6M (including $750K CPF usage till date)
New Loan Amount	$500K
LTV	63%
Synopsis	Our borrower was a 52 year old experienced entrepreneur who found himself at the crossroads. He faced a pressing issue that required immediate attention. In a critical moment for his business, he needed an urgent short-term loan of $500,000/- to pay his seafood suppliers. Time was of the essence and he couldn’t afford delays. However, there was a catch. He had an existing loan with UOB, and he was only seeking a brief 6-month loan tenure. Refinancing the entire property for such a short period seemed excessive and unnecessary.
Solution	Determined to provide swift and hassle-free assistance, we worked diligently to secure a solution. Through our extensive network, we found a non-bank lender willing to approve the $500,000/- short term 6-month loan request within a remarkable 48 hours. The speed at which the funds were disbursed was equally impressive. Within just 72 hours, the money was in his company’s accounts, ready to settle his suppliers’ bills. The best part? There was no need to go through the cumbersome process of refinancing the property. Through this case, we can learn the power of agility and tailored solutions.

Challenge 9	BRIDGING LOAN (ASSIGNMENT OF SALES PROCEEDS)
Deal Type	Bridging Loan (Assignment of Sales Proceeds)
Property	Semi-Detached House in Thomson
Property Value	$4M
Existing Mortgage	$2.6M (including $500K CPF usage)
Bridging Loan Amount	$400K
LTV	NA
Synopsis	Introducing our Borrower, a 49-year old homeowner who encountered a scenario demanding prompt decision-making and swift action. Having just sold his property for a substantial $4million, he faced a dilemma. The sale was imminent but the standard 3-month completion period wouldn’t work for him. He needed a $400,000/- bridging loan urgently to settle his existing personal credit obligations and ensure a smooth property sale.
Solution	With determination and a clear mission, we set out to secure a solution. Time was of the essence and we understood the urgency. Throughout our network, we found a non-bank private lender willing to approve the $400,000/- short term bridging loan. This loan was secured through a Deed of Assignment of Sales Proceeds, offering the necessary support to bridge the Borrower’s immediate financial needs. What made this solution truly remarkable was the speed of at which it unfolded. Within a mere 48 hours after the buyer exercised the OTP (Option-To-Purchase), the funds were disbursed. It was a race against time and we had won. The Borrower’s financial obligations were settled and thus enabling the property sale to be completed seamlessly.

Challenge 7	FOREIGNER
Deal Type	Refinancing (with fresh cash-out)
Property	3-Bedroom Condo in Leonie Hill vicinity
Property Value	$6M
Existing Mortgage	$2.5M
New Loan Amount	$4M (with fresh $1.5M cash-out)
LTV	66.7%
Synopsis	Meet our borrower, a 65-year-old Indonesian entrepreneur with a thriving business in Medan. She had a vision and a purpose, but there was a significant challenge standing in her way. With no reported income, our borrower found herself in a tough spot. She urgently needed $1.5 million to fuel her business aspirations. Yet, the local banks she approached were unable to accommodate her due to her non-residency status and the absence of income proof.
Solution	With unwavering determination, we set out to find a way. Our mission was clear: secure the financial support our borrower needed to turn her dreams into reality. Through our extensive network, we discovered a non-bank lender who saw potential where others saw obstacles. Together, we secured a remarkable $4 million loan. The first step was to use $2.5 million of this newfound capital to redeem her existing local mortgage, clearing a significant financial hurdle. But it wasn’t just about business. The remaining funds were disbursed to her for immediate personal use, providing her with the financial freedom she had longed for. This success is a testament to determination and the power of finding the right solution.