Cash Out – Asset Lend

Purpose of Loan: To provide a cash out facility against an unencumbered rural property, with funds to be used for business purposes. Funds to be progressively drawn down as required with interest only payable on the outstanding limit

Loan Limit: 1st Mortgage – $570,000

LVR: 1st Mortgage – 65% of the market value

Loan Term: 1 year

Facility Type: Private Loan

Interest Rate: 12.95% per annum