Available for purchases, refinances (including cash out) of acceptable commercial securities.
Minimum loan term is 3 years.
If loan discharges inside first 3 years an exit fee applies of 3 months interest payments.
Maximum loan term of up to 30 years.
Unlimited Cash out (within reason) available up to 80% with satisfactory fund purpose explanation.
Maximum Single Borrow Exposure is $5,000,000.00.
Other Financial Institution (OFI) statements not required for loans not being refinanced.
Actual repayments for OFI included in servicing.
Vacant land or construction not acceptable.
Repayment options include Principal & Interest or Interest Only for a of maximum 5 years
Additional repayments available without penalty up to $120,000 p.a.
*Standard inclusions: documentation, review of CoS, settlement, 2 x Guarantors, review of Trust Deed, review of company
RATE GUIDE | PURCHASE OR REFI
LVR (min loan size $50K)
<60%
<65%
<70%
<75%
Commercial Resi Security Full Doc
7.65%
7.75%
7.95%
8.25%
Commercial Resi Security Lo Doc
7.95%
8.05%
8.25%
8.55%
LOADINGS
Loans > $1M
add 1.00%
Interest Only (max 5 years)
add 0.30%
MAX LOAN SIZE & LVR GUIDE
LVR
Metro
0 – 65%
$3,000,000
65.01% – 70.00%
$2,000,000
70.01% – 75.00%
$1,500,000
LENDER RISK FEES
<60%
0.00%
60% & <65%
0.50%
65% & <70%
1.00%
70% & <75%
1.25%
APPLICATION TYPES
1 Year Financial accepted for Full Doc Self Employed applicants where:
ABN has been registered for greater than 4 years and
Applicant(s) Veda score is equal to or greater than 700
Lo Doc allows for minimum 12 month ABN registration with 2 years of similar industry experience.
APPROX. FEES
GET IN
Application Fee
$299.00
Valuation Fee
At cost
Lenders Legal Fee from
$1,500.00
Annual Fee
$395.00
Settlement Fees
$250.00
GET OUT
Discharge fees approx.
3 mths penalty interest <3 yrs + 3rd party costs
Discharge Fees approx.
$895.00
Other terms, fees & charges may apply. Refer to the Postcode Guide for more details on acceptable security locations and LVR limitations. Product availabilty & conditions subject to change without notice. Australian Credit Licence 409 649. Rates effective from 15th March 2024
