Recent Transactions

  • Sherwood Development Project

    Purpose of Loan: To provide a construction facility for the development of 16 residential units at Sherwood Loan Limit: 1st Mortgage - $5,750,000 LVR: 1st Mortgage - 86% 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: 50% of debt cover

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Line of Credit Against 3 Regional Development Sites

    Purpose of Loan: To provide business line of credit facility against 3 regional land subdivision development sites Loan Limit: 1st Mortgage - $6,190,000 LVR: 1st Mortgage - 50% of As Is Value ex GST Loan Term: 1 years Facility Type: Term Loan Interest Rate: 3.99% per annum + 1.50% line fee

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • 22 Townhouses – 75% of Debt Cover

    Purpose of Loan: To provide a construction facility for the development of 22 residential townhouses at Kuraby Loan Limit: 1st Mortgage - $6,100,000 LVR: 1st Mortgage - 80% of Total Development Costs ex GST Loan Term: 15 months Facility Type: Construction Loan Interest Rate: 6.65% per annum + Line Fee Nil Presales: 75% of debt cover

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Residual Stock Loan – 14 Units

    Purpose of Loan: To provide a term facility to refinance a construction lender on a completed residential project. There were 14 residual units that required to be refinanced Loan Limit: 1st Mortgage - $2,900,000 LVR: 1st Mortgage - 65% of In One Line Value ex GST Loan Term: 3 years Facility Type: Term Loan Interest Rate: 5.80% per annum

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Project Finance – 14 Units

    Purpose of Loan: To provide a construction facility for the development of 14 residential units at Chermside Loan Limit: 1st Mortgage - $3,900,000 LVR: 1st Mortgage - 75% of Total Development Costs ex GST Loan Term: 15 months Facility Type: Construction Loan Interest Rate: 6.80% per annum + Line Fee Nil Presales: 100% of debt cover

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Luxury Townhouses at Southport

    Purpose of Loan: To provide a construction facility for the development of 6 luxury residential townhouses at Southport Loan Limit: 1st Mortgage - $2,749,500 LVR: 1st Mortgage - 85% of Total Development Costs ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 10.00% per annum Presales: Nil

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Residual Stock Loan – 6 Units

    Purpose of Loan: To provide a term facility to refinance a construction lender on a completed residential project. The development project consisted of 14 units, 6 of which formed the take out facility security. The facility was not based on an in one line value and was spread across two lenders to reduce the overall interest rate Loan Limit: 1st Mortgage - $2,442,000 LVR: 1st Mortgage - 70% of Market Value inc GST Loan Term: 12 months Facility ...

    Posted at July 7, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Landbank – Non Bank – Kangaroo Point

    Purpose of Loan: To provide a landbank facility against 5 residential properties in Kangaroo Point while a DA is lodged. Interest built into the facility for 12 months Loan Limit: 1st Mortgage - $1,500,000 LVR: 1st Mortgage - 65% of As Is Land value Loan Term: 1 year Facility Type: Term Loan Interest Rate: 12.95% per annum

    Posted at April 20, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Project Finance – Luxury Units

    Purpose of Loan: To provide a construction facility for the development of 15 luxury residential units at New Farm Loan Limit: 1st Mortgage - $11,535,000 LVR: 1st Mortgage - 77% of Total Development Costs ex GST Loan Term: 18 months Facility Type: Construction Loan Interest Rate: 6.60% per annum + Line Fee Nil Presales: 100% of debt cover

    Posted at April 19, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Management Rights – Brisbane

    Purpose of Loan: To provide a Management Rights facility against 101 units in Brisbane Loan Limit: 1st Mortgage - $1,806,000 LVR: 1st Mortgage - 70% of Managers Unit + Management & Letting Rights business Loan Term: 3 years Facility Type: Bank Bill Business Loan Interest Rate: 3.54% interest rate + line fee 1.24%

    Posted at April 19, 2017 | By : | Categories : Recent Transactions | 0 Comment