Borrow Lending Overview
Denarau provides an alternative source of short term first mortgage finance for borrowers requiring commercial loans.
Introduction
- Property Purchase
- Refinance / Portfolio finance restructure
- Development/Construction Finance
- Equity release
- Bridging finance
Lending Parameters
Loan Type
Loans for commercial or investment purposes only.
Loans captured under the National Consumer Credit Protection Act 2009 or third-party loans will not be considered.
Loan Purpose
- Property purchase
- Refinance / Portfolio finance restructure
- Development/Construction finance
- Equity release
- Bridging finance
Loan Term
3 to 24 months.
Loan Amount
From $500,000 to $5,000,000. Larger loan amounts may be considered.
Security
First registered mortgage over real property within Australia.
General securities agreement and personal guarantees from the director(s)/principal(s).
Security Property Type
Residential, commercial, and industrial – established or vacant land.
All security property to be independently valued.
LVR
Maximum lend of 80%, but generally set at 70%.
Fees & Rates
Priced upon application and assessment
Servicing
Interest to be pre-paid within the approved facility. The Borrower may service monthly interest payments subject to satisfying serviceability criteria.
Credit History
Denarau reviews the credit record of each borrower and expects a successful history in transacting of assets similar to the Loan Security offered.
Loan exit
A clear loan exit strategy must be provided.
Sale or refinance of the security property or a facility restructure is acceptable subject to Denarau confirming that the proposed exit is reasonably achievable.
Borrower profile
Experienced property investors/developers with a proven track record.
Australian residents and/or Australian registered companies/entities only.