| TIER 1 | TIER 2 | TIER 3 | |
|---|---|---|---|
Eligible Postcodes * |
Metro Plus | Metro Plus, Category 1,Category 2 | All Postcodes Considered |
Credit |
Clean Credit | Borrower Defaults Considered | Borrower Defaults Considered |
Maximum LVR |
55% | 65% | 70% |
Prime Rate |
7.45% | 8.45% | 8.95% |
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% |
Minimum 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% |
Residential Bridging
A short-term loan secured against residential properties assessed on an ‘as is’ basis.KEY FEATURES
| Acceptable Borrower | Company or individual (provided funds used predominantly for business purposes) |
| Loan Purpose | Fast settlement of a property being purchased, or cash-out against an existing property |
| 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) |
* 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.
