Author Archive
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$106M Non-Bank Loan
Purpose of Loan: To provide a 1st mortgage construction facility for an industrial subdivision to be completed in 1 stage. Funded against gross realisation with 70% of debt cover in non-conforming presales Loan Limit: 1st Mortgage - $106,000,000 LVR: 1st Mortgage - 72% of Gross Realisation Value Loan Term: 12 months Facility Type: Commercial ...
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110% of Purchase Price – $23.4M Loan
Purpose of Loan: To provide a 1st mortgage facility against valuation rather than purchase price of a development site in Rouse Hill, NSW Loan Limit: 1st Mortgage - $23,400,000 LVR: 1st Mortgage - 65% of As Is Value Loan Term: 2 years Facility Type: Commercial Loan Interest Rate: 1st mortgage 7.50% ...
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Build & Hold – Asset Lend
Purpose of Loan: To provide a 1st mortgage facility against to renovate an existing house and construct 3 new townhouses to be held long term Loan Limit: 1st Mortgage - $1,526,000 LVR: 1st Mortgage - 65% of Completed Value Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 1st mortgage ...
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Funding of a Church
Purpose of Loan: To provide a 1st mortgage facility against a Church with no personal guarantees Loan Limit: 1st Mortgage - $455,000 LVR: 1st Mortgage - 55% of As Is Value Loan Term: 25 years Facility Type: Commercial Loan Interest Rate: 1st mortgage 3.66% per annum
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Development Site Acquisition
Purpose of Loan: To provide a 1st mortgage facility against a future site in Burleigh Heads. Loan to incorporate capitalised interest Loan Limit: 1st Mortgage - $3,655,000 LVR: 1st Mortgage - 55% of As Is Value Loan Term: 1 year Facility Type: Commercial Loan Interest Rate: 1st mortgage 5.50% per annum
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60 Lot subdivision – No Presales
Purpose of Loan: To provide a 1st mortgage facility to fund the development of 60 residential lots with no presales. Funding secured with a bank Loan Limit: 1st Mortgage - $9,490,000 LVR: 1st Mortgage - 60% of Gross Realisation Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 1st mortgage 5.10% ...
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Bank Funded $73M Industrial subdivision
Purpose of Loan: To provide a 1st mortgage facility to complete an industrial subdivision in Crestmead. Loan Limit: 1st Mortgage - $73,000,000 LVR: 1st Mortgage - 75% of Total Development Costs Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 1st mortgage 1.60% margin over BBSY + 1.60% line fee
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No Presales – Bank Funded Unit Project
Purpose of Loan: To provide a 1st mortgage facility to develop 8 residential units with no presale requirement Loan Limit: 1st Mortgage - $2,128,000 LVR: 1st Mortgage - 50% of Gross Realisation Value Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 1st mortgage 3.50% per annum
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Bank Funded Dev Site – Capped Interest
Purpose of Loan: To provide a 1st mortgage facility against 8 units being amalgamated as a development site in Burleigh Heads. Loan to incorporate capitalised interest Loan Limit: 1st Mortgage - $3,510,000 LVR: 1st Mortgage - 55% of As Is Value Loan Term: 1 year Facility Type: Commercial Loan Interest Rate: 1st mortgage 6.68% per annum
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Landbank Development Site – 60% LVR
Purpose of Loan: To provide a 1st mortgage facility against a DA approved development site on the Gold Coast Loan Limit: 1st Mortgage - $6,000,000 LVR: 1st Mortgage - 60% of As Is Value Loan Term: 1 year Facility Type: Landbank Loan Interest Rate: 1st mortgage 6.50% per annum
