Development Exit

A loan for development projects that have reached practical completion, where the Borrower is seeking
to 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)

Eligible Postcodes

Metro Plus, Category 1, Category 2

Credit

Borrower DefaultsConsidered

Maximum Project LVR (Based on NRV) -
Residential

65%

Maximum Project LVR (Based on NRV) -
Commercial

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
(Estab. Fee)

0.25%

Mimimum Term 7 Months - 11 Months
(Estab. Fee)

0.15%

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.