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
