One event, one date. Does the exit hold?

What it is: Short-term money that gets paid out by a sale, a refinance or a settlement on a particular day.
What you get: Whether the exit still works if that date slips, and how many weeks of slippage it survives.
Why it helps: The question gets asked now, while there is still time to do something about the answer, instead of in the last fortnight.

Test the exit →

FreeThree minutesNothing is sent anywhere

Fact / calculation

Objective information or arithmetic based on what you enter.

Market context

Publicly available information about how commercial lending products and structures commonly work.

Smart Advance lens

Our educational interpretation. It helps you ask better questions; it is not a lender decision or product recommendation.

The loan

Roughly is fine. This is about the shape of the plan, not the cents.

How much is the loan? ($)

When does it fall due?

The date the whole thing has to be repaid. It is in your term sheet.

The exit

The event that repays it.

What repays this loan?

When do you expect that to happen?

How much cash should the exit actually produce? ($) optional

Use net refinance proceeds or a realistic sale/settlement amount — not the headline property value.

Other debt and costs paid from the same exit ($) optional

Prior mortgages, agent/legal/selling costs, taxes or other amounts that rank ahead of this loan.

Expected payout on the due date ($) optional

Best source is a lender payout or term-sheet figure. If blank, the tool uses the loan amount as a conservative floor.

Current ordinary interest rate (% a year) optional

What it costs while everything is going to plan.

Default interest rate, if the loan runs past the due date optional

It is in the contract, usually in the clause about what happens on the due date. On short-term secured lending it is normally quoted per month and is often several times the ordinary rate — which is why a late exit costs so much more than people expect.

Extension or rollover fee, if you had to ask for more time ($) optional

Often a percentage of the loan rather than a flat figure. Counted once in the delay columns below.

What can you show for it today?

Lenders price the evidence, not the intention.

Does it depend on anyone else?

The backup

What happens if the first plan is late. This is the question most people have not answered, and it is the one a credit team asks first.

If the exit is late, what then?

Is the interest capitalised?

Capitalisation is common in some short-term/private structures, but not universal. Ask whether accrued interest itself accrues interest, what rate applies after maturity and what extension/default fees apply.

Expert exit lens

Sale exits are about what is actually left, not valuation

A valuation does not repay a loan. The useful number is what is left after senior debt, selling/legal costs and anything else that ranks ahead of this loan — with enough calendar for settlement slippage.

Produced by the Exit Plan at smartadvance.com.au. General information to help you ask better questions — not a credit decision, a personalised recommendation, or an offer of finance. Figures and lender positions change; check the date above.

Want somebody to look at it with you? Tell me what you are up against in a few lines. I read every one myself and come back the same day.

Tell me about your deal →