Case Study 2: Tax Arrears

Funding Requirement

To refinance the existing mortgagee and release working capital to pay outstanding IRD tax arrears, avoiding further penalties. Repayment via refinance to trading bank at term.

Loan Amount                             $1,050,000

LVR                                               70%

Interest Rate                               7.75% per annum

Interest Payment                       40% paid monthly in arrears / 60% capitalised as part of the Loan

Term                                            6 months

To discuss your requirements further contact:

Bruce
McGhie

Bruce McGhie

Phone +64 (9) 918 5839
Mobile 021 912 006
bmcghie@cressida.co.nz

Nigel
Staples

Nigel Staples

Phone +64 (9) 918 5842
Mobile 021 687 848
nstaples@cressida.co.nz

Marty
Shepherd

Marty Shepherd

Phone +64 (9) 918 5851
Mobile 021 715 200
mshepherd@cressida.co.nz