Recent Transactions

  • 3 x Luxury Houses – Bank Funded No Presales

    Purpose of Loan: To provide a construction facility for the development of 3 luxury residential houses at Taringa with no presale requirement Loan Limit: 1st Mortgage - $2,500,000 LVR: 1st Mortgage - 65% of Total Development Costs ex GST Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 6.55% per annum Line Fee: 0.00% per annum Presales: Nil

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • Private Loan to SMSF Borrower

    Purpose of Loan: To provide a loan to a SMSF purchaser of a new unit in Melbourne Loan Limit: 1st Mortgage - $205,000 LVR: 1st Mortgage - 55% of the market value Loan Term: 5 years Facility Type: Private Loan Interest Rate: 7.50% per annum

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • 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

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • 14 Lot Residential Subdivision

    Purpose of Loan: To provide a construction facility for the development of 14 residential lots at Mango Hill with no presale requirement Loan Limit: 1st Mortgage - $2,615,000 LVR: 1st Mortgage - 70% of Gross Realisation Value ex GST Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 9.00% per annum Line Fee: 2.00% per annum Presales: Nil

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • 2 x Luxury Houses – New Farm

    Purpose of Loan: To provide a construction facility for the development of 2 luxury houses in New Farm with no presale requirement Loan Limit: 1st Mortgage - $3,289,000 LVR: 1st Mortgage - 65% of Gross Realisation Value ex GST Loan Term: 1 year Facility Type: Construction Loan Interest Rate: 4.67% per annum Line Fee: 1.60% per annum Presales: Nil

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • 5 x Townhouses – No Presales

    Purpose of Loan: To provide a construction facility for the development of 5 townhouses in Nundah Loan Limit: 1st Mortgage - $1,995,000 LVR: 1st Mortgage - 70% of Gross Realisation Value ex GST Loan Term: 1 years Facility Type: Construction Loan Interest Rate: 11.95% per annum Presales: Nil

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • Residual Stock Loan – Indooroopilly

    Purpose of Loan: To provide a residual stock facility against completed units Loan Limit: 1st Mortgage - $2,440,000 LVR: 1st Mortgage - 70% of As Is value Loan Term: 5 years Facility Type: Residual Stock Loan Interest Rate: 7.10% per annum

    Posted at January 10, 2019 | By : | Categories : Recent Transactions | 0 Comment
  • 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