The lending barrier
The client wanted to purchase a $5m beach-view home while retaining substantial overseas assets. His existing bank could not provide the required borrowing capacity. Selling investments would have changed the position he wanted to preserve.
How we approached it
BYRONS Lending reviewed the existing property portfolio and refinanced its loans to better rates, releasing another $1m in equity. We then secured $1.2m in additional lending through a non-bank lender. The solution combined portfolio refinancing with a different lender assessment for the remaining finance requirement.
The outcome
The client completed the $5m home purchase without liquidating his overseas assets. The $1m equity release and $1.2m additional lending were components of the funding arrangement, rather than the full purchase price.
What this means for borrowers
This case illustrates why a portfolio review can matter when an existing bank cannot support a purchase. Releasing equity increases debt; retaining investments also preserves their exposure to market and currency movements. The overall borrowing position and costs need to be assessed together.
Questions about this case
How was the purchase funded without selling overseas assets?
The client refinanced his existing property portfolio, releasing $1m in equity, and obtained $1.2m in additional lending from a non-bank. These amounts formed part of the funding for the $5m purchase.
What was the main lending obstacle?
The existing bank could not provide the required borrowing capacity. The solution involved reviewing the existing property loans and securing additional finance through a non-bank lender.
One client’s experience does not guarantee a similar result. Eligibility, documentation, pricing and terms depend on the lender and the individual application.