STAGE | TIMING | DESCRIPTION |
---|---|---|
INITIAL ASSESSMENT | Within 24 hours of receipt of Loan Submission Form | Borrower completes Loan Submission Form for ADF to review. |
Indicative TERMS Summary | Issued within 48 hours of receiving Loan Submission Form | High level summary of loan terms for Broker to present to client |
Application Form |
Client to provide an executed Application Form |
Formal Application - provides key information for ADF to issue indicative Offer Letter |
Indicative Offer Letter | Within 48 hours of receiving completed Application Form | Formal Offer from ADF setting out terms of advance to Borrower and conditions of the proposed facility |
Valuation & quantity surveyor report |
Instructed immediately when executed Offer Letter is returned and fees are received Reports take approximately 5-10 working days |
ADF values security forming collateral for the loan The Quantity Surveyor Report sets out the costing of the project |
Due Diligence |
Commences as soon as Indicative Offer Letter is signed and fees are received Takes approximately 5-10 working days |
ADF performs due diligence on Borrower, Builder, Project and Transaction |
Loan Documents | Instructed as soon as Valuation, Quantity Surveyor Report and Due Diligence are completed. Generally issued to Borrower within 3-5 working days of instruction |
ADF instructs Solicitors to prepare and issue Loan Documents to the Borrower. Documents to include a Tri-Partite Deed with the Borrower and the Builder |
Settlement | Within 48 hours of Loan Documents executed, returned and reviewed by ADF Solicitors | Funds advanced to Borrower and commencement of the loan facility |
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.
Learn how Assetline's innovative funding solutions have helped borrowers Australia-wide.
Assetline's accessible, flexible and fast secured asset loans have helped literally hundreds of borrowers. Rather than take our word for it, we would like to share these Customer Success Stories with you.
"The major banks are tightening credit, under pressure from regulators. Private lending is stepping in to fill the void..."
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.
Learn how Assetline's innovative funding solutions have helped borrowers Australia-wide.
Assetline's accessible, flexible and fast secured asset loans have helped literally hundreds of borrowers. Rather than take our word for it, we would like to share these Customer Success Stories with you.
Considering Private Lending and not sure where to start or whether it's right for you?
This guide helps you understand the 'in and outs' of Private Lending, so that you can make an informed decision.
Assetline Capital
Level 21, Westfield Tower 2,
101 Grafton Street, Bondi Junction,
Sydney, NSW 2022
Australia.
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