Docstoc

bridging finance nz

Document Sample
bridging finance nz Powered By Docstoc
					         Bridging Finance and
         Short-Term Loan options
         TARGET MARKET                                       LVR
         Suited to: Debt consolidation, PLA avoidance,       Subject to location and type of property offered
         credit issues, selling a property, temporary loss   75% - most urban properties on an RV
         or reduction in income, construction needs,         80% - Auckland on RV, first mortgage
         establishing a repayment history.                   security only
                                                             70% - Vacant land
         SECuRiTy
         First Mortgage                                      AppLiCATion REquiREMEnTS
         Second Mortgage                                     Completed and signed application form
         Caveat                                              Credit checks or signed privacy consent
         Guarantor property                                  Last 3 months bank statements
         Vehicles can also be used to increase lend          Brief loan proposal including loan structure
                                                             and exit strategy
         LoAn AMounT
         $5000 - $750,000                                    FEES
                                                             From $750 for non-business or
         LoAn TERM                                           investment purposes*
         3 months to 24 months                               From 2% of loan amount for business or
                                                             investment loans - minimum $750
         MoRTGAGE TypES                                      Monthly administration charge applies
         Full capitalisation                                 Legal fees where a solicitor needs to be
         Part capitalisation                                 involved with the transaction
         Interest only
         Principal and interest                              REpAyMEnTS
                                                             Weekly, fortnightly or monthly
         inTEREST RATE
         Subject to loan profile                             * Properties or loans in the name of a family
         12.00% - 15.00% first mortgages                     trust are deemed investment loans.
         From 14.50% second mortgages and caveats




Call Leapfrog today!
0800 33 3320
Please call us to discuss loan requirements outside
these guidelines - we may still be able to help.
This fact sheet provides general information only.
Full details are set out in our loan agreement.

Valid from 28 August 2007



                                                              www.avantifinance.co.nz

				
DOCUMENT INFO
Shared By:
Stats:
views:24
posted:1/9/2009
language:English
pages:1