Medical Centre, Melbourne

Levi’s role

Levi was engaged by a fintech lender to investigate the potential delinquency of a working capital loan issued to a medical practice. Investigations revealed the borrower was diverting loan funds to an unrelated, business at the start-up phase, limiting cash flow and resulting in default on the loan. The client also requested Levi develop a recovery and exit strategy.

Outcome

Outcome

After initial investigations and a site visit, Levi identified the misuse of funds. The loan appeared to have been well-serviced before the borrower lost focus on the core business that secured the loan. Levi recommended that the costs of formal appointment would exceed the benefits after costs and recommended that the lender settle. Settlement occurred.

Services

  • Financial Investigation and Analysis
  • Exit Strategy Planning
  • Risk Management