DOES ANYONE HAVE EXPERIENCE IN SECURING DEBT FOR ACQUISITIONS IN AUSTRALIA?
I am at the early stages of a self funded search in Australia. Deal flow hasn't proven to be an issue however once I have landed on a target I will require somewhere between[redacted]% debt financing to close the deal.
The challenge I am having is any banks & second tier lenders I have spoken with don't appear to have an appetite for true SME acquisition financing outside of small working capital loans.
In particular the requirement seems to be to use residential property to secure any debt (effectively only interested in mortgage lending) or strict personal guarantees.
Does anyone have any advice?