your complete home loan solution provider


             you never knew that home loans could
             be so fast and easy...

home loans
Standard Commercial Variable Blended Rate to 80%
PURPOSE

Investment, debt consolidation, refinancing and a wide range of business purposes.
All loans must be non coded.
No mortgage insurance
No Construction

LOAN TERM Up to 3 Years
LOAN SIZE $300,000 - $50,000,000
Mezzanine Component to be a minimum of $50,000
L.V.R. 80% in most metro areas, 70% Major Regional centres
INTENDED USE Investor or Owner-occupier
REPAYMENT OPTIONS

Interest Only (IO) Payable monthly in advance
Interest rate reduces as Mezzanine component is paid down.

ACCEPTABLE SECURITY Residential, commercial, retail and industrial real estate in metropolitan, outer metropolitan
areas and major regional centres in all states.
1st mortgage only.
1st party mortgagor/borrower preferred.
Directors’ guarantees to support company borrower.
Group guarantees to support company borrowers where appropriate.
Floating charge from company borrower may be required if security is owner occupied.
Some properties of a specialised nature eg. hotels, motels and retirement villages are not acceptable security.
ACCOUNT KEEPING FEE No Monthly Account Keeping Fee
ADDITIONAL REPAYMENTS Principal repayments may be made during the term. Repayments other than at maturity or as agreed on approval will be subject to prepayment fees.
OTHER Interest Rates variable only
No redraw facility
No amortisation
No non recourse loans
LOCATION All metro and category 1 areas and regional centres.
STATEMENTS 1/2 Yearly
REQUIRED BORROWING INFORMATION Serviceability should be demonstrated and evidenced from one or more of the following:
– Taxation returns
– PAYG statements
– Financial statements
– Cash flow projections
– External accountant assessment of borrower’s debt servicing capability
For loans where repayment is to come from sale of the security property or other identified and
acceptable sources, and where regular cash flow will not support borrowings, interest retention for the term of the loan may be considered. Interest retention is invested in the borrower’s name in the Mortgage Trust Fund,
OUT OF THE BOX

Land - Residential Block 75% LVR
Land Commercial / Industrail 65% LVR
Land - Other Nil
Retail - Strata (CBD - refer for consideration)
80%

UNACCEPTABLE SPECIALISED PROPERTIES Rural Properties, Quarries, Retirement Villages, Vineyard/Wineries, Tanneries, Funeral Parlours, Brewies, Schools, Service Stations, Abattoirs, Company title, Brick works, Saw Mills, Places of Worship, Mills, Ice Works / Cold Stores, Transport Depots, Clubs, Gasworks, Marinas, Roadhouses, Theatres/Film Studios, Theme Parks, Laboratories, Foundaries, Contaminated Sites, Time share.
BORROWERS LEGAL EXPENSES At Borrowers expense
LENDERS LEGAL EXPENSES At Borrowers expense
VALUATION EXPENSE At Borrowers expense
ESTABLISHMENT FEE 1.3% plus GST or $2,000 whichever is the greater. 0.22% Admin fee per annum paid 6 monthly
apply online now or call during business hours 03 8805 5077
call us or complete our online application and discover the fast and easy way to arrange your home loan

© 2004 Eagle Funding Pty Limited