1st Mortgage Protection Mechanisms
With lower lending LVR’s in this new Post “GFC” a new strategy can resolve your funding requirements for developers who want to complete their developments. Structured Finance with 1st, 2nd & 3rd mortgage structures available.
- Can’t find a 2nd Mortgage?
- Shows 20% net profit?
- Borrower is a company?
- Do you have a lender who will only go to 60% LVR of Net ERV and need a top up?
- Are you a broker, who set the 1st mortgage & needs a 2nd mortgage
- Banks wanting pre-sales for full take out?
- Require equity participation?
If your answer to the above is YES, then we have the answer,
ACMF provides 2nd and 3rd mortgages, specialising in residential project finance. Deal direct with the lenders (we pay success fees to brokers). We are not 1st Mortgage Lenders but 2nd and 3rd.
We have strong relationships with several 1st mortgage funds. We manage the whole financial process of the project thereby ensuring all funds go into the project contractor and site meetings in conjunction with QS reports back to the 1st mortgagee.
Minimum combined loan Size $2m. Loans greater than $20m case by case with no upper limit.