Short Term Finance to $10m & settled in 3 B/days*
Loan Offers quote “funds have been made available if accepted within the offer term”;
2 month terms (min term) -12 months (all loan offer Term of 6 months early release ability);
Credit issues, ATO debt, past default etc accepted (brief explanation required);
Examples, unreliable bank on a purchase, current financier threaten OR has re possessed, ATO/creditor demand, OR simply secured a great acquisition on a short settlement and repaid for example, by selling other property.
Loans funded internally by direct investor relationships, pre approved by ACMF Credit;
Rates quoted on each deal, since July 2019 below 9% PA up to 60%, above this quoted;
Fastest Loan settled, November 2018, $7.150m in 2 business days (Lawyer Ref available)
Larger case by case, all loans our lawyers confirms funds ready with the other side lawyers;
THAT’S OUR POINT OF DIFFERENCE
Bridging Finance - medium term financing
6-12 month terms - Valuation required from 60% - 65% LVR otherwise internally assessed;
Ideal for medium term to settle a property urgently or a general holding position;
Funding sizes from $1m - $10m (larger case by case);
All loans are funded by direct investor relationships hence the fast response time;
Current interest rate available 7.1% pa if below 60%;
*Please note: Loans are only available to companies for business purposes only. Fees, charges & underwriting costs apply to all lending. Urgent settlements in a few days typically have existing valuations, adequate security and repayment details to satisfy ACMF's investor & credit team.
Many times when reliant upon older valuations due to time constraints to allow us to settle with a 2 -3 business days, the LVR is required to be below 70% with a defined repayment plan and based on internal assessments to back up our research.
Asset lending based on asset values / product demand / borrowers business / repayment plan. All funding is subject to the availability of funds at that time. When Loan Offers are issued, they have a cut off time frame for acceptance to secure funding.