2nd Mortgage Private Funds |
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Overview Target |
Loan Purpose | Loans considered for direct purchase, refinance, debit consolidation and construction being residential and investment. Facility not regulated by the UCCC |
Loan Features |
Quick ready and fast settlement with no much fuss Owner Builder welcome |
Loan Products |
Short period with exit strategies |
Minimum Loan Size |
$50,000 (Subject to the loan scenario and to the LVR) Double security |
Maximum Loan size |
$5,000,000 (Subject to the loan scenario and to the LVR) Single security |
Loan to Value Ratio |
Up to 80% (Lo Doc) subject to loan scenario metro and regional |
Minimum Loan Terms |
3 Months |
Maximum Loan Terms |
2 years |
Loan Repayment Frequency |
Monthly in advance |
Security Type |
A. Residential commercial industrial vacant land and rural residential being occupier \ investment Properties must be located in Australia (QLD, NSW, VIC, ACT). |
Redraw Available |
No |
Split Loan Available |
No |
Dynamic Repayment |
No |
Additional Repayment |
Principal reductions accepted with minimum of $5,000 each time |
Loan statements |
No |
Documentation Required |
Subject to the loan purpose, please call 1300 790 909 for more details |
Financial Information |
Borrowers who can demonstrate serviceability by way of exit strategies or with up to date detailed financial statements covering the last 12 months |
Qualifying Interest Rate |
Please call our consultant on 1300 790 909 for more details |
Other Conditions |
A. Prime loans Borrowers must demonstrate serviceability |
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