Acquisition Finance

Where you want to bid on a property at auction, Assetline can offer a pre-approved line of credit for up to 30% of the low auction estimate on each lot. Should you be the winning bidder, and utilize Assetline’s Acquisition Finance facility, Assetline will settle the auction house directly for the loan portion of the purchase price and register a bond over the property.

Advantages:

• Fast and Certain Funding: A line of credit can be locked in prior to auction
• Optimal Bidding: You can bid with the confidence that you have finance in place
• No Credit Checks / No Recourse: We don’t perform income or credit checks and we don’t report any information to credit agencies. Your Acquisition Finance Loan is non-recourse

How it Works:

• Register your details with Assetline prior to the auction
• Assetline offers registered bidders pre-approval up to 30% of the low estimate of each property
• Once the hammer falls, Assetline will settle the auction house directly for the loan portion of the purchase price
• Assetline holds the title deed until you have repaid the loan