The cost of a bridging loan is determined by the loan amount and loan term, we have a no obligation letter of offer which will set out the exact cost of the loan. This is issued once an application has been lodged.
You can borrow up to a maximum of 75% of the value of your property, this must also include any current mortgage you have.
We have an interest only 12 month loan option, or you can choose to have all interest and fees capitalised into the loan.
Interest rates start from 1.95%pm.
Our loan terms range from 1 month to 12 months, however extensions are available.
Yes, credit history is not relevant to our funding, however in some cases we may require any court judgments to be repaid from the loan proceeds.
Our minimum loan amount is $20,000, the maximum loan amount is determined by the available equity in your real estate asset.
Any business owner with a registered ABN or ACN can apply for a second mortgage. The purpose of the funds must be for business use and you need sufficient equity in real estate assets to qualify.
Loan terms range from 1 month to 12 months. Interest and fees can be capitalised or you can select a 12 month interest only option.
No, we can provide a second mortgage behind any bank lender.