Below is a quick summary of finance available as at January 2011 and is subject to change
Development Finance |
LVR |
Loan Size |
Interest Rate |
Construction Private Equity |
80% |
1 - 10 Million |
11.00% + |
Mezzanine Finance |
95% |
$500,000 - $10M |
21.00% + |
Commercial Finance |
LVR |
Loan Size |
Interest Rate |
Full Doc Commercial |
80% |
Up to $20,000,000 |
7.40% + |
No Doc Commercial |
65% |
Up to $2,000,000 |
9.00% + |
Rural Finance |
LVR |
Loan Size |
Interest Rate |
Full Doc Rural (non bank) |
60% |
Up to $3,000,000 |
8.50% + |
No Doc Rural |
50% |
Up to $3,000,000 |
10.25% + |
Short Term Finance |
LVR |
Loan Size |
Interest Rate |
First Mortgage |
80% |
Up to $2,000,000 |
1.50% pm + |
Second Mortgage |
75%-80% |
Up to $1,000,000 |
2.00% pm + |
Private Finance |
LVR |
Loan Size |
Interest Rate |
First Mortgage – Small Transactions |
70% |
Up to $700,000 |
8.50% + |
First Mortgage – Large Transactions |
60% |
Up to $10,000,000 |
8.50% + |
Residential Finance* |
LVR |
Loan Size |
Interest Rate |
Full Doc (prime) |
95% |
Up to $1,000,000 |
6.99% + |
Lo Doc (prime) |
80% |
Up to $1,000,000 |
7.40% + |
Full Doc (uninsured, sub-prime)* |
80% |
$1,500,000 |
7.80% + |
Low Doc (uninsured, sub-prime)* |
80% |
$1,500,000 |
8.50% + |
No Doc (uninsured, sub-prime) |
70% |
Up to $1,500,000 |
9.00% + |
*Rates will reduce as LVR reduces, please call for a quote.
*LVR’s & rates are dependant on strength of application.