A GAMING ENTREPRENEUR
Consolidating and scaling a commercial portfolio.
Our client runs a highly successful gaming company, generating extraordinary revenuestreams. Leveraging this success, he built a commercial property portfolio valued at$70 million, with only $15 million in total borrowing.
Despite his impressive commercial portfolio, the client faced a $6 million tax debt due to his business success. Although his assets were strong, not many banks were willing to lend against the gaming income. We took the commercial portfolio to both NAB andANZ, navigating the complexities of his income structure.
0
0
ATO Debt Cleared
$0K
$0K
Total Credit Facility
What We Did.
After a thorough review, NAB stepped forward with a $30 million total credit facility. From this, we fully paid out his existing commercial loans, settled the $5 million tax debt with the ATO, and allocated the remaining funds for a groundbreaking project: the development of three childcare centres on his existing land.
The Outcome.
This solution was a game-changer. The client not only relieved the stress of the $5million ATO bill but also secured a powerful growth avenue. The three childcare centres became a new revenue stream, and we consolidated all his previous loans from three different banks into one streamlined facility with NAB. This gave him the stability and flexibility to continue scaling his commercial portfolio, all while benefiting from compelling interest rates.
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