* Indicative only. Based on a rate of 8.49% p.a. and interest-only repayments. Fees and charges aren’t included. Final terms are confirmed at assessment.
Simple, straightforward loans.
Short-term business loans and bridging finance from a non-bank private lender, secured by a first mortgage over Australian property.
Interest rate
8.49% p.a.*
Max LVR^
60% — Residential House, Town House
55% — Residential Apartment / Unit / Block
50% — Commercial Property, Land
Higher interest rate
9.29% p.a.*
Max LVR^
70% — Residential House, Town House
65% — Residential Apartment / Unit / Block
60% — Commercial Property, Land
^ All LVRs quoted are based on Inner Metro locations in Melbourne, Sydney and Brisbane. The final proposal will be dependent on the asset location, asset specifics, and the strength of the applicant.
* Rates are variable, being the higher of either the rate shown, or the RBA Cash Rate plus a margin. Your rate is confirmed at assessment.
Loan parameters.
Loan amount
$500,000 to $3 million
Loan purpose
Business purpose only, e.g. purchase, refinance, equity release, bridging or working capital
Term
3 — 24 months
Security
First registered (real estate) mortgage over the Security Property, as well as Company and Director guarantees
Security type
Residential House, Town House, Residential Apartment/Unit, Block, Commercial Property, Land
Repayment type
Prepaid out of the loan amount, or interest only (serviced monthly)
Borrower type
Australian registered companies and trusts with corporate trustees
Verification required
Asset & Liability Statement, accountant's letter (only if servicing interest monthly)
Application Fee
A nominal, non-refundable fee of $500 plus GST is payable on application for us to formally assess and look to obtain a credit approved Letter of Offer
Commitment amount
An amount of $5,000 is requested upon issuance of the Letter of Offer. This amount is non-refundable and on account of our Establishment Fee and other out of pocket expenses.
Establishment Fee
1.50% + GST of the loan amount
Brokerage Fee
Paid from advance, subject to mandate
Early Repayment
No minimum interest amount, early repayment charges or clawbacks
Adam leads Jadig Finance and Simple Property Loans across property finance, funds and risk. He combines family-office perspective with accounting, banking and property experience.
