Our products

7

Residential Property


Amount: $100,000 – $5,000,000

Interest Rate: Each loan quoted Individually

Gearing: 65% to 75% (First Mortgages, higher gearing considered for second mortgages)

Term: 3 months to 2 years

Loan Type: Fixed Interest, Interest Only

Security Type: Any residential real estate. Apartments, unit detached and semi detached, residual stock, land

Commercial Property


Amount: $150,000 – $5,000,000

Interest Rate: Each loan quoted Individually

Gearing: 60% to 65% (First Mortgages, higher gearing considered for second mortgages)

Term: 3 months to 2 years

Loan Type: Fixed Interest, Interest Only

Security Type: Offices, Industrial, Retail, Hotels/Motels, Land

Construction & Development


Amount: $1,500,000 – $25,000,000

Interest Rate: Each loan quoted Individually

Gearing: Max 65% 

Term: 3 months to 2 years

Loan Type: Fixed Interest, Interest Only

Security Type: Land subdivision, residential, commercial, industrial, retail & mixed use

Short Term Business Loans


Amount: $50,000 – $10,000,000

Interest Rate: Each loan quoted Individually

Gearing: 60% to 75% (First Mortgages, higher gearing considered for second mortgages)

Term: 3 months to 2 years

Loan Type: Fixed Interest, Interest Only

Security Type: Residential or commercial property

Our Process

1

Loan Proposal Form Submitted

Borrowers to submit
An overview of the transaction to determine if we can help

2

Indicative Loan Outline Issued

Same day response
A detailed loan summary explaining the loan and all the fees and charges upfront for transparency

3

Letter of Intent Issued

Within 24 hours from recieving the go ahead from the borrower
A formalized version of the loan outline is sent that borrowers sign, pay our due diligence fee of  $2,200 and commit to moving forward

4

Application Submitted

Borrowers to submit
This includes submission of our app form along with ALL supporting docs so that the loan can be assessed

5

Valuation

Instructed at the same time as the application and val fee reciept to avoid delays. Usually 2-5 business days
We use our panel of valuers to determine the value of the security being used as collateral

6

Due Diligence Completed

DD is completed within 48 hours from reciept of valuation and all pending documents
We perform our detailed analysis and present to the credit committee for final approval.

7


Formal Approval Issued

Same day when DD is completed
Formal Approval letter issued to you that needs to be signed and returned

8


Loan Documents Instructed

Loan documents are issued within 24 hours from reciept of signed formal approval letter along with part payment of legal fees
We instruct our lawyers to prepare your loan docs subject to reciept of 100% legal fees upfront

9


Loan Documents Returned & Verified

Within 48 hours of the reciept of scanned loan documents
Our lawyers verify your signed docs, request any missing docs and prepare for settlement

10

Settlement

Within 24 hours after the loan docs have been verified
Settlement is booked, completed and the funds are advanced to you!

Our Guidelines

First Mortgage Lending Guidelines*

Loan to Value: Up to 70% LVR based on a 1st mortgage secured against residential or commercial property

Loan Size: SME – From $50,000 to $10,000,000 (Higher loan amount can be considered on a case by case basis)

Loan Purpose: Business or Investment Use Only

Eligible Security: Residential, Commercial or Vacant Land

Security Type: First Mortgage

Locations: Capital Cities & Major Regional Centres

Term: 3 months to 24 months Interest only

5Fees:
  • Establishment Fee: From 1.65%
  • Monthly Borrowing Rate: 0.10% p.m.
  • Brokerage Fee: Up to 3.30%
  • Legal fees paid by the borrower
  • Valuation fee paid by the borrower

Interest Rate: From 9.10% p.a. variable

Other:

  • Approval within 1 business day*
  • Settlement within 7 business days*
    (*Subject to credit & all documentation being recieved)

*Information is current as at the date of publication and is subject to change. This information does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Fees, charges and terms and conditions apply (available upon request). All applicants are subject to eligibility and lending criteria. #Titles office fees and administrative fees apply.

Second Mortgage Lending Guidelines*

Loan to Value: Up to 75% LVR based on a combined 1st & 2nd mortgage secured against residential property

Loan Size: SME – From $50,000 to $1,000,000 (Higher loan amount can be considered on a case by case basis)

Loan Purpose: Business or Investment Use Only

Eligible Security: Residential

Security Type: Second Mortgage

Locations: Capital Cities

Term: 3 months to 24 months Interest only

Fees:

  • Establishment Fee: From 1.65%
  • Monthly Borrowing Rate: 0.10% p.m.
  • Brokerage Fee: Up to 2.20%
  • Legal fees paid by the borrower
  • Valuation fee paid by the borrower

Interest Rate: From 1.50% p.m.

Other:

  • Approval within 1 business day*
  • Settlement within 7 business days*
    (*Subject to credit & all documentation being received)

*Information is current as at the date of publication and is subject to change. This information does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Fees, charges and terms and conditions apply (available upon request). All applicants are subject to eligibility and lending criteria. #Titles office fees and administrative fees apply.