$500K – $25M | 1st Mortgages | Commercial & Business Borrowers
| Price Guide by LVR | First Mortgage Prices From: |
|---|---|
| 50% | 8.50% pa |
| 60% | 8.75% pa |
| 65% | 9.05% pa |
| Up to 75% | From 10.75% |
| LVRs by Property Type | Max |
|---|---|
| Metro Residential Houses/Townhouses | 75% |
| Metro Residential Apartments | 75% |
| Commercial / Industrial – Leased | 70% |
| Residential outside of capital cities | On enquiry |
| Product | Requirements | PPSR & Guarantees |
|---|---|---|
| Full Doc | Bank statements, management accounts, serviced ATO, clear credit. | Senior GSA over the borrowing entity, guarantees from associated companies, directors and shareholders. |
| Low Doc | Accountant’s letter for serviceability or positive net current bank account balance over 6 months. | Senior GSA over the borrowing entity, guarantees from associated companies, directors and shareholders. |
| Establishment Fee | 1.25% to 2.2% |
| Term | 3 months up to 3 years (reviewed annually) |
| Application Fee | From $750 to $1,500 + GST paid upfront |
| Valuation Fee | At cost |
| Legal Fee | At cost |
| Interest Type | Monthly in advance via Direct Debit, or prepaid / capitalised for +0.50% loading |