Queensland Finance Group – Construction Finance – Investment Finance – Development Finance https://www.qldfinancegroup.com.au Brisbane - Townsville - Queensland Finance Group Mon, 30 Aug 2021 05:30:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.21 $106M Non-Bank Loan https://www.qldfinancegroup.com.au/106m-non-bank-loan/ Mon, 30 Aug 2021 05:30:21 +0000 https://www.qldfinancegroup.com.au/?p=1159

Purpose of Loan: To provide a 1st mortgage construction facility for an industrial subdivision to be completed in 1 stage. Funded against gross realisation with 70% of debt cover in non-conforming presales

Loan Limit: 1st Mortgage – $106,000,000

LVR: 1st Mortgage – 72% of Gross Realisation Value

Loan Term: 12 months

Facility Type: Commercial Loan

Interest Rate: 2.75% + BBSW per annum

Line Fee: 2.75% per annum

]]> 110% of Purchase Price – $23.4M Loan https://www.qldfinancegroup.com.au/110-of-purchase-price-23-4m-loan/ Mon, 30 Aug 2021 05:13:25 +0000 https://www.qldfinancegroup.com.au/?p=1153 Purpose of Loan: To provide a 1st mortgage facility against valuation rather than purchase price of a development site in Rouse Hill, NSW

Loan Limit: 1st Mortgage – $23,400,000

LVR: 1st Mortgage – 65% of As Is Value

Loan Term: 2 years

Facility Type: Commercial Loan

Interest Rate: 1st mortgage 7.50% per annum

]]> Build & Hold – Asset Lend https://www.qldfinancegroup.com.au/build-hold-asset-lend/ Mon, 23 Aug 2021 05:20:00 +0000 https://www.qldfinancegroup.com.au/?p=1149 Purpose of Loan: To provide a 1st mortgage facility against to renovate an existing house and construct 3 new townhouses to be held long term

Loan Limit: 1st Mortgage – $1,526,000

LVR: 1st Mortgage – 65% of Completed Value

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 1st mortgage 8.75% per annum

]]> Funding of a Church https://www.qldfinancegroup.com.au/funding-of-a-church/ Mon, 23 Aug 2021 05:08:12 +0000 https://www.qldfinancegroup.com.au/?p=1145

Purpose of Loan: To provide a 1st mortgage facility against a Church with no personal guarantees

Loan Limit: 1st Mortgage – $455,000

LVR: 1st Mortgage – 55% of As Is Value

Loan Term: 25 years

Facility Type: Commercial Loan

Interest Rate: 1st mortgage 3.66% per annum

]]> Development Site Acquisition https://www.qldfinancegroup.com.au/development-site-acquisition/ Fri, 12 Feb 2021 02:00:53 +0000 https://www.qldfinancegroup.com.au/?p=1139 Purpose of Loan: To provide a 1st mortgage facility against a future site in Burleigh Heads. Loan to incorporate capitalised interest

Loan Limit: 1st Mortgage – $3,655,000

LVR: 1st Mortgage – 55% of As Is Value

Loan Term: 1 year

Facility Type: Commercial Loan

Interest Rate: 1st mortgage 5.50% per annum

]]> 60 Lot subdivision – No Presales https://www.qldfinancegroup.com.au/60-lot-subdivision-no-presales/ Mon, 03 Aug 2020 02:40:48 +0000 https://www.qldfinancegroup.com.au/?p=1136 Purpose of Loan: To provide a 1st mortgage facility to fund the development of 60 residential lots with no presales. Funding secured with a bank

Loan Limit: 1st Mortgage – $9,490,000

LVR: 1st Mortgage – 60% of Gross Realisation

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 1st mortgage 5.10% per annum

]]> Bank Funded $73M Industrial subdivision https://www.qldfinancegroup.com.au/bank-funded-73m-industrial-subdivision/ Mon, 03 Aug 2020 02:09:47 +0000 https://www.qldfinancegroup.com.au/?p=1131 Purpose of Loan: To provide a 1st mortgage facility to complete an industrial subdivision in Crestmead.

Loan Limit: 1st Mortgage – $73,000,000

LVR: 1st Mortgage – 75% of Total Development Costs

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 1st mortgage 1.60% margin over BBSY + 1.60% line fee

]]> No Presales – Bank Funded Unit Project https://www.qldfinancegroup.com.au/no-presales-bank-funded-unit-project/ Tue, 26 Nov 2019 04:11:28 +0000 https://www.qldfinancegroup.com.au/?p=1127 Purpose of Loan: To provide a 1st mortgage facility to develop 8 residential units with no presale requirement

Loan Limit: 1st Mortgage – $2,128,000

LVR: 1st Mortgage – 50% of Gross Realisation Value

Loan Term: 1 year

Facility Type: Construction Loan

Interest Rate: 1st mortgage 3.50% per annum

Line Fee: 1.50% per annum

]]> Bank Funded Dev Site – Capped Interest https://www.qldfinancegroup.com.au/bank-funded-dev-site-capped-interest/ Wed, 08 May 2019 01:52:05 +0000 https://www.qldfinancegroup.com.au/?p=1120 Purpose of Loan: To provide a 1st mortgage facility against 8 units being amalgamated as a development site in Burleigh Heads. Loan to incorporate capitalised interest

Loan Limit: 1st Mortgage – $3,510,000

LVR: 1st Mortgage – 55% of As Is Value

Loan Term: 1 year

Facility Type: Commercial Loan

Interest Rate: 1st mortgage 6.68% per annum

]]> Landbank Development Site – 60% LVR https://www.qldfinancegroup.com.au/landbank-development-site-60-lvr/ Wed, 08 May 2019 01:36:47 +0000 https://www.qldfinancegroup.com.au/?p=1117 Purpose of Loan: To provide a 1st mortgage facility against a DA approved development site on the Gold Coast

Loan Limit: 1st Mortgage – $6,000,000

LVR: 1st Mortgage – 60% of As Is Value

Loan Term: 1 year

Facility Type: Landbank Loan

Interest Rate: 1st mortgage 6.50% per annum

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