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1st Mortgage Private Fund
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Overview
• Firm Finance knows that you don't always have time to produce complicated financial reports? And If you do it might or may not satisfy your Banker.
• Firm Finance can assist you with private funding in achieving your goals and releasing your stress and frustration.
Target
Individuals (PAYG or self-employed), Companies, Partnerships or Trusts
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Loan Purpose
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Loans considered for direct purchase, refinance, debit consolidation and construction being residential and investment. Facility not regulated by the UCCC
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Loan Features
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Quick ready and fast settlement with no much fuss Owner Builder welcome
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Loan Products
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Short period with exit strategies
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Minimum Loan Size
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$50,000 (Subject to the loan scenario and to the LVR) Double security
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Maximum Loan size
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$15,000,000 (Subject to the loan scenario and to the LVR) Single security
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Loan to Value Ratio
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Up to 80% (Lo Doc ) subject to loan scenario metro and regional
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Minimum Loan Terms
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6 Months
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Maximum Loan Terms
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5 years
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Loan Repayment Frequency
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Monthly In advance and arrears payment available subject to applicant strengths
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Security Type
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A. Residential commercial industrial vacant land and rural residential being occupier, investment Properties must be located in Australia (QLD, NSW, VIC, ACT).
B. Properties must be cities or major regional centers with a population of at least 20,000. All properties must have legal and unrestricted road access.
C. Properties must comprise an area of at least 40 square meters (excluding balconies )
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Redraw Available
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No
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Split Loan Available
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No
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Dynamic Repayment
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No
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Additional Repayment
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Principal reductions accepted with minimum of $5,000 each time allowed
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Loan statements
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No
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Documentation Required
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Subject to the loan purpose, please call 1300 790 909 for more details
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Financial Information
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Borrowers who can demonstrate serviceability by way of exit strategies or with up to date detailed financial statements covering the last 12 months
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Qualifying Interest Rate
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Please call our consultant on 1300 790 909 for more details
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Other Conditions
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• Prime loans Borrowers must demonstrate serviceability
• Lo Doc & Uninsured Borrowers must be self employed or an Investor , has an ABN number and registered for GST
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= Required
