Eligible Postcodes |
Metro Plus, Category 1, Category 2 |
Credit |
Borrower DefaultsConsidered |
Maximum Project LVR (Based on NRV) - |
65% |
Maximum Project LVR (Based on NRV) - |
55% |
Rates From (Residential) |
7.00% |
Rates From (Commercial) |
7.50% |
Establishment Fee |
2.00% |
RISK-BASED LOADING GUIDELINES |
|
Loans $500,000 - $1,000,000 |
0.25% |
Loans >$5,000,000 |
1.00% |
Mimimum Term 3 Months - 6 Months |
0.25% |
Mimimum Term 7 Months - 11 Months |
0.15% |
Development Exit
A loan for development projects that have reached practical completion, where the Borrower is seekingto refinance out development funding which is out of term.
KEY FEATURES
| Acceptable Borrower | Company or individual (provided funds used predominantly for business purposes) |
| Loan Purpose | Replace development finance on a finished development being held for sale |
| Eligible Property Security | Residential Security / Commercial Security |
| Assetline Interest Registered | Registered 1st Mortgage |
| Loan Amount | $500,000 - $40,000,000 (loans > $10,000,000 P.O.A.) |
| Loan Term | 3 Months - 36 Months |
| Interest Payments | Paid monthly in advance or prepaid (partially or fully) |
KEY CRITERIA
| Certifications | Refer to pages 17-18 re General Loan Information |
* Metro Plus: Established properties in well sought after metropolitan locations.
Category 1: Metro areas, capital cities in each state & major regional centres with a large population.
Category 2: Medium sized regional centres.
Download your Product Guide here
Assetline provides funding for high quality property-backed transactions that sit outside mainstream bank policy.
We lend to all major metro centres nationwide, offering finance to NSW, VIC, QLD, SA, WA, TAS and ACT. Because we are lenders, not brokers, you deal directly with the team who makes the lending decisions.
