A loan secured by first mortgage over completed stock that has not yet sold, so you are not forced to discount it.
A residual stock loan is a loan secured against completed property in a development that has not yet sold. Quickfundz provides residual stock loans on first mortgage, from $200,000 to $5 million, up to 70% of the stock's value, for 3 to 24 months.
When a project finishes, the construction lender usually wants to be repaid, whether or not every lot or unit has sold. A residual stock loan replaces that facility and is secured against what is left.
It gives you time to sell the remaining stock at a fair price, and can release funds for your next project. How each sale reduces the loan is set out in your letter of offer.
Every loan is secured by a first registered mortgage over the security property.
We lend up to 70% of the property's value, from $200,000 to $5 million.
Paid monthly, or fully capitalised so there are no monthly payments. How interest works.
Short-term lending, Australia wide. We reply to applications within 2 business days.
A developer borrows $1,200,000 for 9 months against completed stock valued at $2,000,000, with the interest capitalised and the loan repaid as the stock sells.
Example only, at an interest rate of 12% a year. Capitalised interest compounds monthly. Rates range from 9% to 15% and are set on assessment. Fees and outlays are indicative and include GST. Your figures are confirmed in a letter of offer.
Try your own numbersMove the sliders to see the interest, the fees and the funds you would receive at settlement.
This calculator gives an estimate only. It is not an offer of finance or a quote. Your interest rate, fees and outlays are confirmed in writing in a letter of offer after we assess the application, the security and the valuation. Fees and outlays shown include GST and are indicative. Quickfundz lends to companies for business and commercial investment purposes only.
It is a loan secured against completed property in a development that has not yet sold. It is typically used to repay the construction lender and give the remaining stock time to sell.
It is repaid from the sale of the remaining stock, or by refinancing, within the loan term of 3 to 24 months. How each sale reduces the loan is set out in your letter of offer.
Quickfundz lends from $200,000 to $5 million, up to 70% of the value of the security property. Every loan is secured by a first registered mortgage.
Rates range from 9% to 15% a year. Your rate is set when we assess the deal and is confirmed in writing in your letter of offer. You can pay the interest monthly or have it fully capitalised.
Terms run from 3 to 24 months. The loan is repaid at the end of the term, usually from a sale or a refinance.
Quickfundz lends to companies for business and commercial investment purposes. We do not lend to individuals for personal, domestic or household purposes. We lend Australia wide.
A construction loan from a private lender, secured by first mortgage, with funds released in stages as the build progresses.
Construction finance detailsFunding for property development projects, secured by first mortgage over the site. You deal with the lender directly.
Development finance detailsShort-term property finance, secured by first mortgage, to cover the time between a purchase or settlement and a sale or refinance.
Bridging finance detailsSee every kind of loan Quickfundz writes, all secured by first mortgage.
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