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Why Partner with GCC?
GCC is a full service faciltator of commercial loans, corporate finance & construction finance as we provide the full back office processing service for over 6,500 finance brokers.
The GCC business has been built on the strength of our relationship with our valued Introducers. By partnering with GCC introducers gain access to the widest network of lenders Australia wide, currently over 200. Put simply if there is a lender in the country that can do the deal we know them.
GCC is constantly updating the available lending parameters by updating funder profiles and establishing new funder relationships as they emerge. We compile all available data to ensure that we are positioned to provide the optimum financial package for your clients.
The benefit to being an Introducer to GCC is providing your client a seamless delivery of an optimal funding solution and in all cases. GCC shares the fee income we receive for any transaction that settles with our introducer.
GCC provides efficient and comprehensive loan facilitation services. In the current economic environment, it is vital that your deals are professionally prepared and presented to the right underwriter, every time.
At GCC, we value all of our relationships, whether you are a lender, a broker or borrower, our mandate is to provide a seamless conduit to deliver the best financing solutions from lender to borrower.
Our Partnership programme is designed to deliver our introducers a seamless funding solution to their client, in short, you introduce the client, we prepare and submit the credit, we settle the loan, we pay you half of the commission generated: it is that simple.
GCC's Relationship Managers have a thorough knowledge of the industry and are driven to provide the best service to our customers, and are available to come and meet with you at your convenience.
GCC PARTNERSHIP IN ACTION
A NSW based finance broker was referred a development proposal from an accountant.
The proposal was to develop 11 residential units in Inner West suburb of Sydney and the construction facility requested was for $11M based on an end value of $17M. No presales were available.
The broker discussed the proposal with several lenders that he knew, however the proposal was quickly rejected. Another broker suggested that he contact Global Capital Commercial as they specialise in construction and development finance.
Solution:
Upon review of the proposal GCC quickly realised that the proposal was not an institutional type facility and in order to match the borrower’s requirements a private non-bank lender was required.
GCC issued an Indicative Funding Proposal (IFP) to the broker which was in line with the borrowers requested parameters. The broker met with the borrowing group and discussed our IFP in detail and it was accepted by the clients.
GCC then prepared a credit paper for formal submission to the private lender which was in turn approved within 48 hours of submission. GCC met with the borrowers and went over the formal offer with them.
The Letter of Offer was accepted and a Valuation & Quantity Surveyor reports were commissioned.
Within one week of settlement GCC forwarded the introducing broker a cheque for
$121,000 (1% + GST of the loan amount).
That’s GCC Partnership in action...
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