Loan 1. LOW DOC 80% CONSTRUCTION FUNDS – Residential & Commercial!
- Available to Builders & Developers for their own projects!
Loan Details:
- 80% of Costs or 70% end value
- Maximum Loan amount - $1m
- Maximum of 4 units on 1 title
- 12 – 24 month loan terms
- Interest rate of 9.75%
- No Mortgage Insurance or Risk Fees apply
- 1.5% application fee + valuation and legal fees (approximately $1k.)
- No Deferred Establishment Fees
- Residential & Commercial Construction considered – must be Prime, Metro areas
Requirements:
- No Financials required – no BAS, ATO notices or trading statements
- Must be registered builder with ABN registered 2 years+
- Must have unblemished Credit Report
- Self Declaration & Accountants letter required to confirm affordability
Loan 2.
70% True Low Doc – ‘Cash Out’ loan for the self employed!
Loans available now!
Loan Details:
- $1m Maximum Loan amount
- 12 – 24 month loan term
- No Mortgage Insurance or Risk Fees apply
- 1.25% application fee + valuation + legal fees (approximately $1k cost.)
- Rate for risk – Ranging from 8.50% to 9% interest rate
- No Deferred Establishment Fees
- Early Repayment fees apply
Requirements:
- No Financials required – no BAS, ATO notices or trading statements
- Must be self employed with ABN registered for 2 years+.
- Must have unblemished Credit Report
- Self Declaration & Accountants letter required to confirm affordability
- Metro Residential properties only.
- Must be for business or investment purpose