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CONSIDERED RESPONSE. FAST SETTLEMENT. LESS FEES.
AAA OFFERS
First and Second Mortgages
Fixed interest rates, no hidden fees
Establishment fee: From 1.35%
Up to 75% LVR
Loans from $250k
All rates provided are fixed (i.e. not in line with the cash rate)
Term: Minimum 3 months, maximum 3 years
Valuations: At cost, can be assigned if current.
No other fees
Company borrower only
Private loans Australia-wide
We Can Provide a Term Sheet within the Day if you have your client's information ready to go.
Competing offer? Send it to us
Loan Purpose
You can apply private funding for any of the following purposes:
• Bridging loans
• Incomplete construction
• Business purpose loans
• Equity release for any purpose
Fast-settling short-term loans that are generally for a period of between 3 to 24 months. They are known as "Lo doc" or "Alt doc" loans and are secured against real estate, no financials required.
Caveat Loans are available to clients who wish to retain their existing 1st mortgage but require a short-term line of funding beyond their current credit provider’s capacity.
Caveat Loans or First Mortgage Loans
A Second Mortgage is a loan secured against a property that already has a First Mortgage attached to it. You will still have your original lender on the title of your property and the second mortgage ranks after this.
(New laws mean the first mortgagee no longer requires notice of a second mortgage in most Australian States.)
Second Mortgage
For our caveat loan or second mortgage products, the maximum LVR is usually 65- 70% but on a case-by-case basis some lenders, like AAA, will accept 75% Lvr. The loan term is usually between 3- 24 months.
For first mortgages the maximum LVR is usually in the 65 - 75% range. The loan term is usually 6 - 12 months.
AAA has our own funds, so we can normally settle within 3 working days from approval.
We can provide same-day offer letters.
HOW TO CALCULATE LVR
For your second mortgage
We get asked this question all the time.
If your security value is $2,000,000
• You have a first mortgage of $1,000,000
• You need $500,000 to help your business get back on track.
• Your second mortgage LVR is 75%
We can issue a term sheet within the day.
