The client was mid-liquidation. The original lender demanding full repayment immediately. Default charges adding up. Court proceedings on the horizon. Their home was on the line.
We started working with FinSec while they were going through the liquidation.
If we couldn’t close this, everything collapses and they’d already committed to the process.
The complexity: liquidated business means asset transfers, personal guarantees, documentation challenges.
Under massive time pressure.
Shan Toms kept his word and stepped in with the appetite and flexibility needed.
Rate is 19%. But this was high-risk lending – and it saved their home.
Huge credit to the client for working through this under enormous stress.
And to Shan and Luke at Finsec for your commitment to getting this done in time.
Closed just before Christmas. Property saved.