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)
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%

* 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.