FF Funds for Development and Exit Strategy
Key Product Parameters
- Up to 65% of net realisation value (NRV)
- Land up to 55% of estimated market value (EMV)
- Loan Size $1m - $30m
- Borrowers must be a company entity
- Maximum loan term 24 months
- Capitalised interest and fees
Lending Criteria
Development Suite
• House, duplex, townhouse, units, retail, commercial, childcare, boarding house, sub-division, industrial, medical centres, mixed use and serviced apartments.
Presales
• Project specific, not often required.
Acceptable Security
First registered mortgage on residential, commercial and land.
Location
• Metro postcodes accepted.
Other
• Borrowers must be a company entity. They need to demonstrate their (and their builder's) experience with similar projects and project timelines.
• Approvals are subject to Local Authority Approvals, a satisfactory Quantity Surveyor and Valuation Report.
• Specialised securities will be considered, LVR metrics and pricing on request.
• Secondary and additional securities may be considered.
• Project should be at 'Practically Completed' stage.
Pricing on Application (P.O.A)
FF Funding Niches
- Fully assessed conditional approval in 48 hours
- No annual reviews on commercial loans
Loan Fees and Charges
- Terms, Fees and conditions apply