Bulletin - Product Update 30 November 2023

 Please go to https://www.sma.fund/blog-1

PMCS Bulletin and Loan Product Matrix - 18 Oct 2023

 Please follow the link for full details - 

https://www.blogger.com/blog/post/edit/3618396304803035336/1081770441832000908 

PRIVATE & Non-conforming First Mortgage Loans as at 6 July 2023

 

Loan & Interest Rate Update

Genuine "Home Office" PRIVATE LENDING

This is NOT institutional funding. Each scenario is a clean canvas and will be considered on its individual merits. 

Preferred range is $1.00M to $5.00M for existing residential securities, though larger transactions will be considered on merit. Development finance and commercial securities will also be considered.

LVR       Fixed Rate (1 year)

65%       8.50% pa (for strong, well-located deals only*)

* For standard quality private loans up to 70% LVR, interest rates range from 10.00%pa -12.00%pa, NO VALUATION & 7 DAY TURNAROUND is possible depending on quality, urgency, location and the nature of the deal). 

Establishment negotiable + legal fees + valuation if applicable

 

“NON-CONFORMING” (or “no doc”)

Up to $3.50M loan per security (residential) - $750,000 per security (commercial)

Up to 75% LVR 

Up to 3 year term

Current Interest Rates from 9.70%pa

Establishment fee 2.00% + legal fees + valuation

 

I look forward to discussing any scenario with you.

Steven Acworth

Mobile   +61 488 22 44 16    

Email    steven@sma.fund  

Web     www.pmcs.fund

Loan Product & Interest Rate Update

 

Loan Product & Interest Rate Update

First Mortgage Loans as at 26 May 2023

"If nothing changes, nothing changes"; and nothing much has changed since our last update

 

"Home Office" PRIVATE

Preferred limit is $1.00M to $3.00M for existing residential securities, though larger transactions will be considered on merit. Commercial securities also considered.

LVR       Fixed Rate (1 year)

65%       8.00% pa (for strong deals only*)

* For standard quality private loans up to 70% LVR, interest rates range from 10%pa -12.00%pa, NO VALUATION & 7 DAY TURNAROUND is possible depending on quality, urgency, location and the nature of the deal). 

Establishment 1.50% + legal fees + valuation if applicable

 

“NON-CONFORMING” (or “no doc”)

Up to $3.50M loan per security (residential) - $750,000 per security (commercial)

Up to 75% LVR 

Up to 3 year term

Current Interest Rates from 9.70%pa

Establishment fee 2.00% + legal fees + valuation

 

I look forward to discussing any scenario with you.

Steven Acworth

Mobile   +61 488 22 44 16    

Email    steven@sma.fund  

First Mortgage Loans - Product and Loan Interest Rate Updates 5 May 2023

 “NON-CONFORMING” (or “no doc”) 

While PMCS primary business focus remains in the “home office” private mortgage loan space, our supplementary “non-conforming” product has a couple of substantial improvements (and one change unfortunately brought about by the RBA). Our current loan interest rates for both products are set out below. 

Non-conforming residential loan limits have increased to $3.50M loan per security (up from $2.00M) with a maximum exposure per borrower of $5.00M (unchanged from the previous limit). In both instances, where a particular transaction is very strong, we can consider facilities above those limits. 

We are now also able to consider loans of up to $750,000 secured by commercial property. 

Current Non-conforming Interest Rates for Existing Residential Investment Dwellings 

LVR       Variable                                      Fixed (1 year – up to 3 years available)

65%          9.70% pa                                       9.95% pa (standard quality proposals)

70%          10.15% pa                                     10.45% pa

75%          10.75% pa                                     11.00% pa

Establishment fee 2.00% + valuation + legal fees

 

"Home Office" PRIVATE (generally “bridging” loans)

LVR       Variable                                      Fixed (1 year)

 

65%       8.00% pa                                      8.00% pa (Class A proposals in limited locations)

Standard rates up to 70% LVR presently range from 10%pa -12.00%pa, with fees negotiable depending on urgency, location and the nature of the deal). Development funding may also be considered.

I look forward to discussing any scenario with you.

Steven Acworth

+61 488 224416

Email steven@sma.fund

Loan Rate Bulletin

 

Existing Residential Investment Dwellings

"Home Office" PRIVATE & NON-CONFORMING

First Mortgage Loans as at 27 April 2023

 

LVR       Variable                                Fixed (1 year – up to 3 years available)

65%       8.00% pa                        8.00% pa (Class A proposals in major locations)

65%       9.45% pa                          9.70% pa (standard quality proposals)

70%          9.95% pa                            10.20% pa

75%        10.45% pa                            10.70% pa

The above prices are for straightforward proposals, in category 1 locations, existing dwellings, investment loans up to $2.00M per security property. For other prices, POA.

I look forward to discussing any scenario with you.

Steven Acworth

Mobile   +61 488 22 44 16    

Email    steven@sma.fund  

Web     www.pmcs.fund

Current Lending Rates

 

Existing Residential Investment Dwellings

"Home Office" PRIVATE & NON-CONFORMING

First Mortgage Loans as at 13 April 2023

 

LVR       Variable                           Fixed (1 year – up to 3 years available)

65%       8.00% pa                        8.00% pa

70%          9.95% pa                            10.20% pa

75%        10.49% pa                            10.74% pa

The above prices are for straightforward, category 1, existing dwelling, investment loans up to $2.00M per security property. For other prices, POA.

I look forward to discussing any scenario with you.

Steven Acworth

Mobile   +61 488 22 44 16    

Email    steven@sma.fund  

Web     www.pmcs.fund