{"id":15994,"date":"2024-04-15T01:44:00","date_gmt":"2024-04-15T01:44:00","guid":{"rendered":"https:\/\/www.americamortgages.com\/?p=15994"},"modified":"2024-07-16T12:20:00","modified_gmt":"2024-07-16T12:20:00","slug":"australian-luxury-property-owner-uses-bridge-loan-for-business-expansion-in-california","status":"publish","type":"post","link":"https:\/\/www.americamortgages.com\/australian-luxury-property-owner-uses-bridge-loan-for-business-expansion-in-california\/","title":{"rendered":"Australian Luxury Property Owner Uses Bridge Loan for Business Expansion in California"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">The Client<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our client living in Australia owned a luxury property in California with no mortgage. He wanted to take advantage of a market opportunity for his business but had very little liquidity. He explained his situation and as he needed the funds within a week.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How We Helped<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our America Mortgages loan officer based in Sydney proposed a quick real estate bridge loan to address his immediate liquidity issue. The loan was structured as a pure asset-based (no financials required) with no prepayment penalty and funded within 4 days from application. As there was no prepayment penalty, our loan officer immediately started the process of refinancing into a 10-year fixed interest only with a total term of 40 year fixed rate.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The immediate liquidity issue was resolved, and a proper long-term mortgage was put in place.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Details<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Nationality<\/td><td>Property Value<\/td><td>Loan Amount<\/td><td>LTV<\/td><td>Rate<\/td><\/tr><tr><td>Australian Citizen<\/td><td>$12,500,000<\/td><td>$7,500,000<\/td><td>60%<\/td><td>11.25%\/8.25%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Term<\/td><td>Address<\/td><td>Property Type<\/td><td>Purpose<\/td><td>Loan Type<\/td><\/tr><tr><td>12 Month10\/30 Fixed<\/td><td>Corona Del Mar, CA<\/td><td>Single-Family Home<\/td><td>Bridge to Perm<\/td><td>Residential<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Client Our client living in Australia owned a luxury property in California with no mortgage. He wanted to take advantage of a market opportunity for his business but had very little liquidity. He explained his situation and as he needed the funds within a week.&nbsp;&nbsp; How We Helped Our America Mortgages loan officer based [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":16072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/template-single-post.php","format":"standard","meta":{"_acf_changed":false,"qubely_global_settings":"","qubely_interactions":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[26,27,14],"tags":[689,687,685],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-15994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bridge","category-case-studies","category-foreign-nationals","tag-bridge","tag-case-studies","tag-foreign-nationals"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-540x320.jpg",540,320,true],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-300x157.jpg",300,157,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-768x402.jpg",580,304,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-1024x536.jpg",580,304,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-540x320.jpg",540,320,true],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76-140x100.jpg",140,100,true],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-76.jpg",1200,628,false]},"qubely_author":{"display_name":"America Mortgages","author_link":"https:\/\/www.americamortgages.com\/author\/america-mortgages\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.americamortgages.com\/bridge\/\" rel=\"category tag\">Bridge<\/a> <a href=\"https:\/\/www.americamortgages.com\/case-studies\/\" rel=\"category tag\">Case Studies<\/a> <a href=\"https:\/\/www.americamortgages.com\/foreign-nationals\/\" rel=\"category tag\">Foreign Nationals<\/a>","qubely_excerpt":"The Client Our client living in Australia owned a luxury property in California with no mortgage. He wanted to take advantage of a market opportunity for his business but had very little liquidity. He explained his situation and as he needed the funds within a week.&nbsp;&nbsp; How We Helped Our America Mortgages loan officer based&hellip;","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/15994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=15994"}],"version-history":[{"count":13,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/15994\/revisions"}],"predecessor-version":[{"id":16413,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/15994\/revisions\/16413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/16072"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=15994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=15994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=15994"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=15994"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=15994"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=15994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}