Author Archive

  • Landbank on $13M Purchase – 75% LVR

    Purpose of Loan: To provide a landbank facility against a future development site - no DA in place Loan Limit: 1st Mortgage - $8,600,000 LVR: 1st Mortgage - 75% of As Is value Loan Term: 1 years Facility Type: Landbank Loan Interest Rate: 8.50% per annum

    Posted at May 3, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • 5xTownhouses No PreSales

    Purpose of Loan: To provide a construction facility for the development of 5 townhouses in Greenslopes Loan Limit: 1st Mortgage - $2,300,000 LVR: 1st Mortgage - 70% of Gross Realisation Value ex GST Loan Term: 1 years Facility Type: Construction Loan Interest Rate: 10.00% per annum Presales: Nil

    Posted at May 3, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • 2nd & 3rd Mortgage to Assist Townhouse Development

    Purpose of Loan: To provide a 2nd & 3rd mortgage construction facility for the development of 2 luxury townhouses in Clayfield. The loan is progressively drawn and interest is only payable on drawn amounts Loan Limit: 2nd Mortgage - $462,500 Loan Limit: 3rd Mortgage - $152,500 LVR: 2nd Mortgage - 65% of Gross Realisation Value ex GST LVR: 3rd Mortgage - 75% of Gross Realisation Value ex GST Loan Term: 1 years Facility Type: Construction Loan Interest Rate: 2nd ...

    Posted at May 3, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • 6 x Luxury Townhouses – Morningside

    Purpose of Loan: To provide a construction facility for the development of 6 luxury townhouses in Morningside Loan Limit: 1st Mortgage - $3,164,000 LVR: 1st Mortgage - 70% of Gross Realisation Value ex GST Loan Term: 1 years Facility Type: Construction Loan Interest Rate: 10.00% per annum Presales: Nil

    Posted at March 7, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • Luxury Units – Burleigh Heads

    Purpose of Loan: To provide a construction facility for the development of 9 luxury units at Burleigh Heads Loan Limit: 1st Mortgage - $9,730,000 LVR: 1st Mortgage - 75% of Total Development Costs ex GST Loan Term: 1 years Facility Type: Construction Loan Interest Rate: 4.08% per annum + 1.50% line fee Presales: 100% of debt cover

    Posted at March 7, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • Commercial Building – Build & Hold

    Purpose of Loan: To provide construction facility and subsequent term loan for a 3 storey commercial building in Newstead Loan Limit: 1st Mortgage - $6,212,000 LVR: 1st Mortgage - 75% of Total Development Costs ex GST Loan Term: 1 years + 3 years Facility Type: Construction Loan converting to Term Loan on completion Interest Rate: 4.28% per annum + 1.50% line fee Pre-Commitments: Leases in place to cover 1.50 times interest cover

    Posted at March 7, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • Townhouse Project – No Presales

    Purpose of Loan: To provide a construction facility for 5 townhouses at Greenslopes Loan Limit: 1st Mortgage - $2,725,000 LVR: 1st Mortgage - 70% of Gross Realisation ex GST Loan Term: 1 years Facility Type: Term Loan Interest Rate: 10.00% per annum Presales: Nil

    Posted at March 7, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • 12 Units – No Presales

    Purpose of Loan: To provide a construction facility to build 12 residential units with no presales in Nundah Loan Limit: 1st Mortgage - $2,300,000 LVR: 1st Mortgage - 60% of Total Development Costs ex GST Loan Term: 1 years Facility Type: Term Loan Interest Rate: 3.45% per annum + 1.40% line fee Presales: Nil

    Posted at March 7, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • 75% LVR Commercial Investment Property

    Purpose of Loan: To provide a term commercial facility against an investment commercial property Loan Limit: 1st Mortgage - $750,000 LVR: 1st Mortgage - 75% of As Is Value ex GST Loan Term: 3 years Facility Type: Term Loan Interest Rate: 4.20% per annum

    Posted at March 7, 2018 | By : | Categories : Recent Transactions | 0 Comment
  • 10 x Residential Units at Taringa

    Purpose of Loan: To provide a construction facility for the development of 10 residential units at Taringa Loan Limit: 1st Mortgage - $4,250,000 LVR: 1st Mortgage - 90% of Total Development Costs ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 9.00% per annum + 3.00% Line Fee Presales: Nil

    Posted at December 5, 2017 | By : | Categories : Recent Transactions | 0 Comment
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