Refurbishment

A loan to complete refurbishment or light development of an existing residential property. The loan is
based on the gross development value.

KEY FEATURES

Acceptable Borrower Company or individual (provided funds used predominantly for business purposes
Loan Purpose Heavy or minor refurbishment (no DA/Permit required)
Eligible Property Security Residential 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)
TIER 1 TIER 2 TIER 3

Eligible Postcodes *

Metro Plus Metro Plus, Category 1,Category 2 All PostcodesConsidered

Credit

Clean Credit Borrower Defaults Considered Borrower Defaults Considered

Maximum LVR

55% 65% 70%

Prime Rate

7.95% 8.95% 9.45%

Establishment Fee

1.65% 1.85% 2.00%

RISK-BASED LOADING GUIDELINES

Loans $500,000 - $1,000,000

0.25% 0.25% 0.25%

Loans >$5,000,000

1.00% 1.00% 1.00%

Mimimum Term 3 Months - 6 Months
(Estab. Fee)

0.25% 0.25% 0.25%

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

0.15% 0.15% 0.15%

KEY CRITERIA

Applicant Experience Applicant must demonstrate experience of similar projects
Scope of Works Structural, conversion, refurbishment or extension work that does not require DAapproval. Does not include finance of basement excavations
DA Approval Project does not require DA/Permit

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.