Cash Flow Based Rural Lending

Loan Purpose:

• Investment & Business Purposes Only / Unregulated – a declaration will be required to this effect
• Property Purchase
• Debt Consolidation
• Refinance
• Working Capital
• Farm Improvements

Maximum Loan Amount:

$10M in any one transaction at  65% LVR or 70% with stock mortgage

Minimum Loan Amount:

$200,000-00

Serviceability Evidence:

Demonstratable income of 1.35 to 1 for servicing

Term:

Up to Five (5) years interest only
Up to Fifteen (15) years principal and interest repayments

Acceptable Security:

Rural on Eastern Seaboard for 1st party mortgage/borrowers. Company Applicants are also acceptable.

Repayments:

Interest Only monthly in arrears available or Principal and Interest

Valuations:

Will be required on all loans, as instructed by the investor/ mortgage manager – no re-assignments accepted. Valuation Fees will be payable by the borrower upon acceptance of the Prospective Approval Indication.

Insurance:

Each property must be insured for an adequate amount against damage or loss on a replacement basis by an acceptable insurer.

Unacceptable Securities:

• Security that is not 1st Mortgage
• Specialised farming operations
• Leasehold property
• Heritage Listed Property
• Contaminated Sites
• Remote or Unfavorable property