SPA deadline · Case study
Balance due. Bank late. Deal still closed.
Illustrative SPA deadline facility — first charge, ~60% LTV, no income proof required. Placeholder pending client demo.
Mont Kiara, Kuala Lumpur
KL condo balance — bank LO too late
Illustrative / placeholder case study — figures and narrative are representative, not a named client testimonial. Swap for a real demo when ready.
Facility
RM 720,000
LTV
60% LTV
Tenor
6 months
From 12% p.a. (indicative) · First charge · No income documents required
Situation
The clock that mattered.
Buyer had paid the deposit on a freehold condo SPA. Housing-loan LO was approved, but drawdown conditions and valuation timing pushed past the completion date. Vendor would not extend; deposit forfeiture risk was real.
How it was structured
Screened a first-charge bridge sized to assessed value (not SPA alone). Identity and title pack only — no payslips, EA forms, or bank statements for income. Soft terms before instructing valuation; charge registered on transfer / completion sequence; exit into the bank takeout once disbursement cleared.
Outcome
Balance funded in time to complete. Client kept the unit; bank refinance retired the bridge within the tenor. Illustrative figures only.
What was ready
- SPA + completion date + deposit proof
- Bank LO status / delay notes
- Title / land search
- NRIC of buyer — no income pack