Eligible Postcodes |
NSW & VIC Metro Plus |
Credit |
Borrower Defaults Considered |
Maximum LVR Land |
60% |
Maximum Project LVR (Based on NRV) |
60% |
Rates From |
8.95% |
Establishment Fee |
2.00% |
Line Fee |
1.65% |
RISK-BASED LOADING GUIDELINES |
|
Loans > $15,000,000 |
1.00% |
Development Finance
A loan for residential or commercial development finance. Projects must be located in Sydney, NSW.The Borrower must have had experience in similar projects.
KEY FEATURES
| Acceptable Borrower | Company or individual (provided funds used predominantly for business purposes) |
| Loan Purpose | Finance for construction |
| Eligible Property Security | Residential / Commercial / Vacant Land Security |
| Assetline Interest Registered | Registered 1st Mortgage |
| Loan Amount | $5,000,000 - $30,000,000 |
| Loan Term | 6 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 |
| Pre-sale | Not essential |
| Loan Submission | To include: 1. Project feasibility; 2. Exit strategy; 3. Transaction background 4. Sponsor A&L’s 5. Valuation & QS Report (if available) |
* 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.
