FF Short-Term funds for Residential/Commercial Loans
Key Product Parameters
- LVR Residential - 70%
- LVR Commercial - 65%
- Security residential and commercial properties
- Loan Size $500k - $40m
- Corporate or Trust Borrowers
- Maximum loan term 24 months
- Capitalised interest, or interest in advanced monthly repayments
Lending Criteria
Loan Purpose
• Purchase
• Refinance
• Equity Release
• Development Exit
• Residual Stock
• Capital Raising
Income Verification
• Can be an accountant letter confirming ability to make repayment.
Loan Size Limits
• Up to $50 million for residential security.
• Up to $25 million for commercial security and residual stock.
• Up to $15 million for development exit.
Credit History
• Minor credit impairments will be considered if acceptable
Security Location
• Metro and non-metro postcodes acceptable in capital and regional cities to lender satisfaction.
Pricing
Residential
LVR
- ≤55%
- ≤60%
- ≤65%
- ≤70%
Houses ≤$3m
- 8.44%
- 8.44%
- 9.44%
- 9.44%
Apartments ≤$3m
- 8.44%
- 9.44%
- 9.44%
Commercial
Land
LVR
- ≤50%
- ≤55%
- ≤60%
≤$3m
- 9.24%
- 9.74%
- 10.24%
LVR
- <50%
- 50%
≤$3m
- 9.74%
- 10.74%
FF Funding Niches
- Unlimited Cash Out
- Working Capital
- No presales required
- Interest & Fees can be capitalised
- No monthly repayments
- Overseas Borrowers with an Australian company
- Residual stock loans
- Development exit loans
Loan Fees
- 2.20% application fee plus brokerage
- Loan management fee of 0.10% per month
Loading
- >$3m to ≤$5m - 0.60%
- >$5m - P.O.A