Land banking – Internally funded loans over $2m
From 5.5% pa below 60% LVR higher LVR quoted case by case basis, quoted risk-weighted & interest prepaid.
Internally funded
Quoted on a case-by-case basis. Settled within 3-5 business days if all information is provided. Loans below 60% of Valuations we do not require a current valuation.
$1m – $50m (Construct QS/Cost to complete basis)
– Construct 1 – Loan Amount $2.0m – $3.0m (Direct internal partner funding)
Interest Rate 5.0% per annum FDA at settlement and paid as per 7 stages
– Construct 2 – Loan Amount $3m – $50m (Direct internal partnered funding)
Interest Rate 6.5% per annum FDA at settlement and paid as per QS
– Construct 3 – Loans $15m – $50m (External Funding) Lower costs on a higher amount
Interest Rate range 6.0% per annum FDA risk-weighted quoted case by case
All loans attract loan approval/establishment, loan management fees, and Underwriting costs quoted on a case by case basis.
Unique to ACMF, all of our loans have this facility at no extra setup charge. This is not available outside an ACMF Facility & is available 2% per month, minimum 2 months.
Loan to Valuation Ratios (“LVR”) at 70% or higher require additional security. All construction loans are based on excluding GST. GST is receivable from the ATO each month by the borrower.
Please see below our construction, refinance & bridging loan application forms to fill out and submit to us.
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