Urgent Settlement Saver
Need to settle on an intending development site or a property but a ‘traditional lender’ said no? If the below criteria suits your scenario then we can help.
- Secured by First Mortgage
- Up to 65% for land and 70% with improvements of the ‘as is’ value
- Up to $3M loan amount for land and $10M with improvements
- 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.