Case study

Low doc

Sarah, is the 50% owner and sole director of Flower Power Pty Ltd, a company that designs and manufactures silk flower displays for sale to various markets including bridal and office decoration. Being the chief designer, she commands a higher salary than her partner; her aim is to eventually become sole proprietor of the business.

The company was leasing a warehouse and the current owner advised Sarah that he wanted to sell and gave Sarah first refusal. Sarah had some funds saved from her design success and was keen to acquire the property. She saw the benefit of owning the warehouse in her own name and leasing it back to her company to offset some of her tax liability. The problem was that her accounts were not up to date and she had three old defaults registered against her name. Since Sarah did not meet the criteria for a traditional loan, she decided to seek advice from a financial expert.

Acting on the financial advice she received, Sarah contacted a Mortgage Broker who introduced her to Liberty. Liberty were able to assist with a 65% lend on the purchase by accepting her stated income, no financials required. Sarah settled and is now reaping the rewards of being a commercial property owner.

*This case study is based on the experience of multiple customers. Details have been changed to protect their privacy.