Post-Development Residual Stock Finance

Who is this for?
Companies and Trusts

LVR:
Up to 70% LVR of Completed Value

Rates From:
7.14% to 8.75%

Loan Amounts From:
$5M to $80M
Higher Loan Amounts Available if quality of development substantiates

Zoning:
Residential and Commercial Securities in Security risk category 1&2 only on the Eastern Seaboard

Purpose:
Purchase or Refinance of Large Scale Completed Property Development

Prepaid Interest for the Loan Term
This is able to be facilitated and drawn down against the loan amount only in the event that there is a Corporate Borrower

In addition an Accountant’s Letter is provided to verify serviceability along with the rental yields from the completed properties

Credit Impairments:
On a case-by-case basis

Lenders Settlement:
1.5% from settlement

Lenders Application Fees:
Subject to risk of proposal and development, and term of the loan prior to starting development

Union Fidelity:
Up to 1.1%* from settlement.
0.1% of loan amount Processing Fee. (min $990)

Introducing Broker: 
Up to 1.1%* from settlement

Valuations:
Standard Commercial From $1 per $1000 in value with no travel

Legal Fees Std Fees From
$TBA with no existing mortgage