Equity Release (First Mortgage)
Need to quickly (re)finance a property to release cash? If the below criteria suits your scenario then we can help.
- Any genuine business purpose e.g. ATO Debts etc.
- Secured by First Mortgage
- Up to 70% of the ‘as is’ value with improvements
- Up to $10M Loan Amount
- No serviceability required, interest is prepaid up to 12 Months + extensions
- Rates are LVR and Postcode dependant from 8.95% to 12.95% per annum
- Pricing for major metro areas provided, all other postcodes considered on application
- Settlement within 5 days of receipt of all outstanding information
- Non-Coded Loans only
Non-Coded Loans are loans that are applied wholly or predominately for business or investment (other than residential investment) purposes.
If the Borrower is an established Australian company, then the loan is deemed to be Non-Coded.