Rapid refinance
All you need to provide is your last (12) Months mortgage statements from your existing lender to show all payments have been made on time. No financials required.
Indicative Terms
Borrower:
Must be a Company/Trust/Partnership/Sole Trader with ABN.
Purpose:
Refinance existing commercial/business facility (Non Code).
Facility Limit:
Limited to existing loan amount/s plus set up costs. Maximum loan amount is $1,500,000.
Please note you can consolidate mortgages, vehicle finance, overdrafts etc
Loan to Value Ratio:
Up to 80%
Interest Rates:
Variable 6.50% p.a.
1 Year Fixed 5.98% p.a.
2 Year Fixed 5.98% p.a.
3 Year Fixed 5.98% p.a.
4 Year Fixed 5.98% p.a.
5 Year Fixed 5.98% p.a.
Loan Term:
Up to 30 Years
Repayments:
Principal & Interest or 1-10 Years Interest Only, Monthly in Arrears
Establishment Fee:
Up to 0.75% of the Facility Limit
Administration Fee:
$750 Per Annum, payable in quarterly installments
Legal Fee:
At cost to borrower, to be deducted from loan proceeds as settlement.
Valuation Fee:
At cost to borrower, payable upon acceptance of the Indicative Term Sheet.
Security Types:
Standard Commercial and Residential properties (non-specialised)
Early Exit Fee:
No early exit fee for variable rate loans. Break costs do however apply to fixed rate loans depending on market movements. Fixed break costs may be substantial. Please refer to fixed rate terms before proceeding.
Discharge Fee:
$550 plus disbursements
APPLY BELOW
Shaun Smith is one of Australia’s most experienced and successful brokers. Over the past 20 Years his companies have written in excess of $2Bn in loans.