An experienced self-employed borrower was acquiring a residential development site in Bentleigh, with plans to build and retain two townhouses. A late issue with the original lender placed the upcoming settlement at risk, despite the strength of the underlying transaction.

With settlement approaching, Equity-One assessed the transaction and provided a $927,500 loan within 10 business days, enabling the borrower to complete the acquisition and keep their longer-term development plans on track.