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Private Lending Information
Residential Property Security (subject to funds being used predominately for business purposes)
Indicative Interest Rate: 9.25% pa (No Line Fees)
Security Type: First Registered Mortgage
Loan Purpose: Purchase or Construction
Verification Required: Accountants Serviceability Letter
Min Loan Amount: $500k
Max Loan Amount: $50M
Max LVR: 75%
Max Loan Term: 12-months
Repayment Type: IO, P&I or capitalised Interest
Rate Type: Variable
Additional Repayments: Yes
Upfront Application Fee: $0
Establishment Fee: from 2.0% +GST (deducted from loan proceeds at settlement)
Loan Docs: $3,080 +GST
Line Fees: None
Property Development
Indicative Interest Rate: 10.75% pa (No Line Fees)
Security Type: First Registered Mortgage
Loan Purpose: Construction (Apartments – Up to 12; Townhouses – Up to 8; Single or Multiple Houses – up to 12)
Business/Investment Purposes: Non Coded Loan
Min Loan Amount: $500k
Max Loan Amount: $8M
Max LVR: 70% land & 100% construction (subject to QS report)
Max Loan Term: 24-months
Repayment Type: IO, P&I or capitalised interest
Max IO Term: 24-months
Interest Rate Type: Variable
Additional Repayments: Yes
Upfront Application Fee: $0
Establishment Fee: from 2.0% +GST (deducted from loan proceeds at settlement)
Loan Docs: $3,080 +GST
Line Fees: None
Commercial Property Security
Indicative Interest Rate From: 10.99% pa (No Line Fees)
Security Type: First Registered Mortgage
Loan Purpose: All Commercial Properties considered
Business/Investment Purposes: Non Coded Loan
Min Loan Amount: $200k
Max Loan Amount: $100M
Max LVR: 65%
Max Loan Term: 36-months
Repayment Type: Capitalised Interest, up to 12-Months
Interest Rate Type: Fixed
Additional Repayments: Yes
Upfront Application Fee: $0
Establishment Fee: from 2.0% +GST (deducted from loan proceeds at settlement)
Loan Docs: At Cost
Line Fees: None
Commercial Property Development
Indicative Interest Rate From: 9.99% pa (on drawn funds)
Security Type: First Registered Mortgage
Loan Purpose: Construction and/or Land Subdivision
Business/Investment Purposes: Non Coded Loan
Min Loan Amount: $200k
Max Loan Amount: $30M
Max LVR: 60% (subject to QS report)
Max Loan Term: 12 months (can be extended if project deems it)
Repayment Type: Capitalised Interest
Interest Rate Type: Variable
Additional Repayments: Yes
Line Fee: 0.20% per month over whole facility
Upfront Application Fee: $0
Establishment Fee: from 2.0% +GST (deducted from loan proceeds at settlement)
Loan Docs: At Cost
Land Banking
Indicative Interest Rate: 10.50% pa (No Line Fees)
Security Type: First Registered Mortgage
Loan Purpose: Land Acquisition
Business/Investment Purposes: Non Coded Loan
Min Loan Amount: $500k
Max Loan Amount: $8M
Max LVR: 70%
Max Loan Term: 24-months
Repayment Type: IO, P&I or capitalised
Max IO Term: 24-months
Interest Rate Type: Variable
Additional Repayments: Yes
Upfront Application Fee: $0
Establishment Fee: from 2.0% +GST (deducted from loan proceeds at settlement)
Loan Docs: $3,080 +GST
Line Fees: None
Residual Stock Security
Indicative Interest Rate: 10.50% (No Line Fees)
Security Type: First Registered Mortgage
Loan Purpose: Residual stock or Refinance
Business/Investment Purposes: Non Coded Loan
Min Loan Amount: $500k
Max Loan Amount: $6M
Max LVR: 70%
Max Loan Term: 24-months
Repayment Type: IO, P&I or capitalised
Maxi IO Term: 24-months
Interest Rate Type: Variable
Additional Repayments: Yes
Upfront Application Fee: $0
Establishment Fee: from 2.0% +GST (deducted from loan proceeds at settlement)
Loan Docs: $3,080 +GST
Line Fees: None
Borrower Profile
As private lenders operate in the non-coded space, borrowers must be Company Entities that are either business owners; property developers; entrepreneurial individuals or Companies operating an SMSF. Generally, these borrowers face difficulties obtaining finance from mainstream lenders with rigid policies.
Acceleron understands that most self-employed borrowers need more flexible options to demonstrate income and much faster turn-around times. Borrowers will need to have an ABN/ACN and identify as either a Property Investor; Property Developer; or a SME.
The security property needs to be either a Development Project (Residential or Commercial); Land acquisition for Development; Commercial Property (ideally with a solid Lease); or Residential Property with borrowing subject to the funds being predominately for business purposes.
Subdivisions are always on a case-by-case basis and as with all private lending, the borrower’s Exit Strategy is of the highest importance.
Borrower Required Documentation
As in all lending, the “5C’s” are relevant, Credit; Character; Collateral; Capacity; and Conditions. We need to access the security on offer; the borrowing entity; serviceability; and the exit strategy.
All loans
• 100 Points of ID for all guarantors
• Personal A&L statement for the borrowing entity & all guarantors
• Feasibility (for all Development Loans)
• Certified trust deed (if applicable)
• Accountants letter (on our template) confirming serviceability
• Signed application form
• Council Rates notices for all securities on offer
Refinance applications
• Last 6 months of loan statements for all mortgage facilities being refinanced
Purchase
• Full copy of the executed contract of sale including all special conditions
• Executed lease agreement or rental income statement (if applicable)
Residual stock
• Independent accountant letter confirming margin scheme
• Occupancy Certificate for all securities.
• No presales contracts required
Construction loans
• Copy of the DA, Plans and Building Permits
• Copy of the builders and developers resumes
• Breakdown of the building costs
• Copy of the building contract
• Copy of the construction certificate/ building approval (if available)
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