We're pleased to let you know about some exciting updates:
|
Private Loan $2.6M residential security in NSW 70% LVR | 3 years IO |
SMSF $2.6M commercial security 65% LVR | 30 years P&I |
| Borrowers: self-employed custom software developers that have been in operation for 7 years. | Borrowers: three business partners, all self-employed project managers of different construction companies. |
| Purpose: provide cash out to proceed with DA approval for a development of 2 residential townhouses before refinancing to a construction funder. | Purpose: purchase an industrial property for their individual SMSFs. |
| Solution: Mid Doc Private Loan with accountant’s declaration as income verification. | Solution: using the tenants in common structure enabled the three individual borrowers to purchase the property in three individual SMSFs. |
Read next article >Reminder: Interest rate update
Tuesday 18 February 2025, the RBA has announced a 0.25% reduction to the official cash rate from 4.35% to 4.10% – this is the first time that the cash rate has been reduced since November 2020.
We’re fully committed to supporting our aggregator partners, brokers and customers, so we’re pleased to let you know that we will be reducing interest rates across all variable rate products by 0.25% effective 17 March 2025.
