| 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 |
0.25% | 0.25% | 0.25% |
Mimimum Term 7 Months - 11 Months |
0.15% | 0.15% | 0.15% |
Refurbishment
A loan to complete refurbishment or light development of an existing residential property. The loan isbased 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) |
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.
