Mortgage Product Information Sheet |
Freehold Specialised Properties
(i.e. Motels, Hotels, Backpackers Boarding Houses etc.)
|
| |
|
| LOCATION OF SECURITY PROPERTIES |
| Cities and major regional centres only |
| |
|
| LOAN AMOUNTS |
| Minimum: $150,000 |
Maximum: $3,000,000 |
| |
| MAXIMUM LOAN TO VALUATION RATIO’S |
| 60% of “Land and Building” value, excluding goodwill component |
| |
|
| INDICATIVE INTEREST RATES (*Subject to change without notice) |
| Fixed From: 11.50% p.a. |
| |
|
| PAYMENT AND TERM OPTIONS |
| Interest only, monthly in arrears, up to 2 year term, renewable. |
| |
|
| SERVICING CAPACITY |
| Proof Required – Some Flexibility depending on property location and LVR. |
| |
|
| LOAN FEES AND COSTS |
| Establishment Fees: |
1% of loan plus GST |
| Valuation Fees: |
By Quote |
| Legal Fees: |
By Quote |
