Recent Transactions

  • Bank Funded – 11 x Residential Unit Residual Stock Facility

    Purpose of Loan: To provide a residual stock facility against completed residential units in Red Hill Loan Limit: 1st Mortgage - $3,850,000 LVR: 1st Mortgage - 60% of In One Line As Is value Loan Term: 2 years Facility Type: Term Loan Interest Rate: 3.17% per annum + 1.47% line fee

    Posted at April 19, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Retail Facility – 70% LVR

    Purpose of Loan: To provide a commercial bill facility against a partially leased commercial property in West End Loan Limit: 1st Mortgage - $1,225,000 LVR: 1st Mortgage - 70% of As Is Land value Loan Term: 3 years Facility Type: Term Loan Interest Rate: 3.55% per annum + 1.20% line fee

    Posted at April 19, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Take Out Loan Against Completed Residential Stock

    Purpose of Loan: To provide a term facility to refinance a construction lender on a completed residential project. The development project consisted of 7 units, 6 of which formed the take out facility security. The facility was not based on an in one line value Loan Limit: 1st Mortgage - $3,050,000 LVR: 1st Mortgage - 65% of Market Value inc GST Loan Term: 12 months Facility Type: Term Loan Interest Rate: 12.00% per annum

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • 8 x Townhouses No Presales – Nundah

    Purpose of Loan: To provide a construction facility for the development of 8 townhouses with no presale requirement at Nundah Loan Limit: 1st Mortgage - $3,020,000 LVR: 1st Mortgage - 71% of Gross Realisation ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 9.00% per annum Presales: Nil

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Construction Facility – 80% of Total Development Costs – Bank Funded

    Purpose of Loan: To provide a construction facility for the development of 16 residential units at Sherwood Loan Limit: 1st Mortgage - $5,056,300 LVR: 1st Mortgage - 80% of Total Development Costs ex GST Loan Term: 13 months Facility Type: Construction Loan Interest Rate: 3.80% per annum + Line Fee 1.75% Presales: 100% of debt cover

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Non-Recourse Commercial Facility – Marrickville

    Purpose of Loan: To provide a commercial term loan against an inner city Sydney property with short term leases in place, critical component was to secure the funding on a non-recourse basis Loan Limit: 1st Mortgage - $1,400,000 LVR: 1st Mortgage - 60% of current market value Loan Term: 3 years Facility Type: Commercial Loan Interest Rate: 5.00% per annum

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • 80% LVR Landbank (Vacant Land) – New Farm

    Purpose of Loan: To provide a landbank facility against vacant land in New Farm Loan Limit: 1st Mortgage - $1,840,000 LVR: 1st Mortgage - 80% of As Is Land value Loan Term: 3 years Facility Type: Term Loan Interest Rate: 3.61% per annum + 1.25% line fee

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • 4 x Luxury Townhouses – No Presales

    Purpose of Loan: To provide a construction facility for the development of 4 luxury townhouses at Balmoral Loan Limit: 1st Mortgage - $2,230,500 LVR: 1st Mortgage - 70% of Gross Realisation ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 10.75% per annum Presales: Nil

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Staged Construction Finance – Deception Bay

    Purpose of Loan: To provide a construction facility for the development of stage 1, being 37 residential units, at Deception Bay Loan Limit: 1st Mortgage - $7,275,000 LVR: 1st Mortgage - 75% of Total Development Costs ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 3.61% per annum + 1.50% line fee Presales: 100% of debt

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment
  • Construction Finance No Presales

    Purpose of Loan: To provide a construction facility for the development of 7 residential units at Gaythorne Loan Limit: 1st Mortgage - $1,695,000 LVR: 1st Mortgage - 65% of Total Development Costs ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 7.05% per annum Presales: Zero

    Posted at January 17, 2017 | By : | Categories : Recent Transactions | 0 Comment