15/04/2026
$1.9M purchase, declined by a major. We did it in 10 days.
This property had severe flood damage. The dwelling was “unlivable”, which meant it wasn’t acceptable as a standard residential security.
Here’s what we did differently:
→ Refinanced the client’s PPOR and extracted $300K to cover the improvement value
→ Presented the purchase as vacant land at $1.6M
→ Structured the LVR off land value only, no rental income assumptions
The lender assessed it on that basis. The numbers worked.
The kicker?
Once improvements are done, this property will be worth north of $3M. Right client, right property, right structure.
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