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Accom
will lend on the following types of securities:
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Residential property located in all major metro areas nation wide (up to 75% of the Loan to Value Ratio) [What is LVR?] |
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Commercial and Industrial property located in all major metro areas nation wide (up to 70% of the Loan to Value Ratio) [What is LVR?] |
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Special use premises in NSW (the Loan to Value Ratio will be taken on a case by case basis determined by the "quick sale price") |
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At "lock up stage" development sites up to 75% LVR of the as is value. |
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Mezzanine funding case by case. |
We
will lend funds for the following purposes:
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Provision of working capital |
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Property acquisitions |
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Settlement shortfalls |
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Foreclosure bailouts |
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Refinance of existing debt |
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Debt consolidations |
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Business acquisition finance |
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Most commercial use purposes |
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Fund an investment property (or deposit) |
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Purchase a business |
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Buy new plant or equipment |
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Pay tax or other work related expenses eg. wages, legal fees, advertising etc |
Key
Points To Consider
Term:
Flexible loan term up to 12 months.
Prepayment:
Generally loans may be repaid at any time without penalty.
Use
of proceeds:
Loans are made for business or investment purposes only.
Loan
to value:
Loan amounts can be up to 75% of the market value of the
collateral, based on the estimated cash sale price given
a 90-120 day marketing time.
Rates:
Wholesale rates vary from 2%-4% per month, paid up front, interest
only, depending upon collateral and loan structure. No application, establishment or exit fees.
Loan
size:
Typically bridging loans are between $100,000 to $400,000
based on past and present deals. Accom can lend from $25,000 up to $4,000,000.
Collateral:
Real estate only.
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