Recent Transactions
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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
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344 Lot Subdivision – No Presales
Purpose of Loan: To provide a construction facility for Stage 1 (46 lots) of a master planned land subdivision (344 lots) Loan Limit: 1st Mortgage - $16,000,000 LVR: 1st Mortgage - 60% of Gross Realisation ex GST + 50% of balance land value Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 6.70% per annum Presales: Zero
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Management Rights Transaction
Purpose of Loan: To provide a Management Rights facility against 200 units in Townsville Loan Limit: 1st Mortgage - $1,691,000 LVR: 1st Mortgage - 70% of Managers Unit + Management & Letting Rights business Loan Term: 3 years Facility Type: Business Loan Interest Rate: 3.65%
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Boutique Wilston Project – No Presales
Purpose of Loan: To provide a construction facility for the development of 4 residential townhouses at Wilston Loan Limit: 1st Mortgage - $2,000,000 LVR: 1st Mortgage - 70% of Gross Realisation ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 10.75% per annum Presales: Zero
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1st & 2nd Mortgage Construction Transaction
Purpose of Loan: To provide a 1st and 2nd mortgage construction facility for the development of 11 residential units Loan Limit: 1st Mortgage - $2,362,000 2nd Mortgage - $400,000 LVR: 1st Mortgage - 75% of Total Development Costs ex GST 2nd Mortgage - 88% of Total Development Costs ex GST Loan Term: 12 ...
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Commercial Low Doc Loan 70% LVR
Purpose of Loan: To provide a low document facility to purchase an investment commercial property in Bulimba Loan Limit: 1st Mortgage - $720,000 LVR: 1st Mortgage - 70% of property value Loan Term: 25 years Facility Type: Commercial Loan Interest Rate: 6.20%
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12 Townhouses No Presales
Purpose of Loan: To provide a construction facility for the development of 12 residential townhouses at Waterford West Loan Limit: 1st Mortgage - $2,165,000 LVR: 1st Mortgage - 65% of Gross Realisation ex GST Loan Term: 12 months Facility Type: Construction Loan Interest Rate: 10.75% per annum Presales: Zero
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Purchase a Financial Planning Business
Purpose of Loan: To provide a business facility to purchase a financial planning business Loan Limit: 1st Mortgage - $350,000 LVR: 70% of the Purchase Price of the business Loan Term: 5 years Facility Type: Business Loan Interest Rate: 6.72% per annum
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69 Units Across 8 Levels
Purpose of Loan: To provide a construction facility for the development of 69 residential units in Kangaroo Point Loan Limit: 1st Mortgage - $26,790,000 LVR: 1st Mortgage - 80% of Total Development Costs ex GST Loan Term: 18 months Facility Type: Construction Loan Interest Rate: Bank bills + 1.25% per annum + 1.25% line fee Presales: 100% of debt cover
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Nightclub – Purchased by SMSF
Purpose of Loan: To provide a facility to purchase a prominent Sunshine Coast nightclub in a self managed superannuation fund Loan Limit: 1st Mortgage - $1,950,000 LVR: 1st Mortgage - 65% of land value Loan Term: 15 years Facility Type: Commercial Loan Interest Rate: 4.87% all up rate inclusive of line fee
