1st Mortgage Loans

STRATEGY I SOLUTIONS I INTEGRITY
home-loans.png
Fixed interest rate from 8% pa, 3 months to 5 year terms, up to 65% LVR, cash out, credit problems ok.
Biz 1 has a panel of Private Lenders who specialise in this market.

We understand that some people want a simple processquick settlement and in many instances 
cash released with no questions asked.

We treat all enquiries with strict confidentiality and get the loan with the minimum of fuss.

For a top up loan above the 1st mortgage see our 2nd mortgage/caveat loan product

PRIVATE FUNDS

Very simple process & speedy settlements 

Purpose Any non regulated business purpose SMSF OK
Loan Amount $20,000 to $3,000,000
Interest Rates All fixed rates from 8%pa (for 50% LVR’s) individual circumstances
will be considered when pricing
Max LVR 65%
Term Min 3 months Max 5 years (rates must be pre negotiated)
Terms may be rolled over indefinitely upon maturity, subject to
satisfactory conduct
Security Residential
Vacant Land
Commercial
Industrial  
Location Victoria other States subject to security location
Serviceability Self certified (for Low Doc)
Letter from the Borrowers/Guarantors Accountant confirming that
they have the capacity   to meet the financial obligations of their
Loans without hardship
Cash out Yes – no restriction
Credit History Unpaid defaults & judgements acceptable
Fees Valuation, Legal, Loan Management & establishment fees are applicable
Fees will vary depending upon the Security offered and Loan size
You should budget for about 2% upfront and 0.25% ongoing