| FEATURES |
| Overview |
Flexible lending product, where only the ability to pay interest is necessary |
| Minimum Loan |
$100,000 |
| Maximum Loan |
$300,000,000 |
| Maximum LVR |
80% Residential
70% Commercial, Industrial & Retail |
| Min Interest Cover |
1.5 times |
| Loan Terms |
1 - 5 years |
| Interest Types |
Fixed & Variable Interest Only |
| Acceptable Loan Purpose |
Purchase
Refinance
Working Capital
Bridging |
| Acceptable Securities/Location |
Commercial
Industrial
Residential
|
| LOAN DOCUMENTATION |
| Supporting Documents |
- Accountant income verification
- Borrower/s declaration of income & affordability
- Client must have ability to demonstrate assets noted on A & L
|
| General Requirements |
- Signed Application Form
- Signed Mandate to Act
- Corporate Structure*
- Commitment Fee
- Other loan statements may be required
- Copy of 100 point IDIf purchase
If purchase
- Copy of front page of ContractIf refinance
If refinance
- Recent six (minimum) months loan statement for the loan being refinanced
|
* Where more than one company involved in this transaction, a diagram will be requested illustrating the borrowing entity, including the legal name, type of entity, when formed, principal partners or shareholders with percentage ownership |