Current
Investment
Distribution Rates

6.25%
to 8.25%

Current
Commercial Mortgage Rates

From
9.5%
Up to 75% of
independent
valuation
Product Update (effective 1 January 2009)

Income Producing Commercial Property Delivered from 10.25%

Owenlaw Mortgage
Investment
55–57 Cardigan Place,
Albert Park, Victoria 3206
Postal address:
PO Box 216, Albert Park,
Victoria 3206

Telephone
1300 856 600
Facsimile
1300 856 685
Email
Click here to send an email
Residential, Commercial and Construction Maximum 75% LVR
First Mortgage only Establishment fee: 1% of the loan amount
Maximum 2 years but renewable thereafter Trail commission paid monthly
Loan size: $75,000 to $8 million Flexible lending criteria
Metropolitan and Major Regional Centres Short term loans available
Early repayments available Interest Retention available
Mortgage Insurance is not required Fast approval & settlement
Loan Ratios
Property Type Capital Cities1
Current Market
Value (CMV)
Major Regional Centres 2
(CMV)
Regioal Metropolitan3
(CMV)
Residential – Luxury 75%* 60%
Residential Investment 75%* 60%
Commercial 75% 60%
Land - Residential 66.6% 50%
Land - Commercial 66.6% 50%
Construction - Residential 66.6-70% 50%
Construction - Commercial 66.6-70% 60%
1. Capital Cities = Metropolitan Melbourne, Sydney, Brisbane, & Adelaide.
2. Major Regional Centres = VIC – Ballarat, Mildura, Bendigo, Shepparton & Whittlesea QLD – Beenleigh, Gold Coast, Toowoomba, Hervey Bay, Bundaberg, Gladstone, Rockhampton, Cairns & Townsville. SA – Victor Harbour, Murray Bridge & Mount Gambier NSW - Coffs Harbour, Lismore, Batemans Bay, Albury & Wagga Wagga.
3. Regional Metropolitan – Victoria only, population over 5,000 persons
4. Construction – Loans from $100,000 – $2.5 million: Max LVR 70%; Loans from $2.5 million – $8 million: Max LVR 66.6%.
* 75% LVR is only available to borrowers with full financials and interest for the term of the loan is retained by us. The loan, with interest retention, will not exceed 75% LRV.
Security which is Not Acceptable:
Properties of a specialised nature e.g. hotels, motels, rural property in NSW, petrol stations, specialised zoned properties, income producing farm land, water rights.
Owner-Builder construction projects
All Property in Western Australia, Canberra & Northern Territory
Credit Code loans
Delivery Rates
Property Type *Delivery Rate
Residential – Luxury 10.25%
Residential Investment 10.25%
Commercial 10.25%
Land – Residential 10.25%
Land – Commercial 10.75%
Construction – Residential 10.75%
Construction – Commercial 10.75%
* Delivery Rate does not include a trailing commission or upfront fees. Add your trailing commission to the delivery rate. We will require a mandate to be signed by the borrower for any upfront commission which will be deducted at settlement.
Serviceability:
In addition the borrower must establish that they have the income or cash flow available to them to be able to pay our interest every month. This can be proven as follows:
1.
Original copies of ATO tax assessment notices and Tax returns for the previous 2 financial years;
2. Copy of the income tax running balance account issued by the ATO for the past 4 years;
3. 6 months historic bank statements showing the declared income being credited to that account;
4. A copy of the past 6-months bank statements for the loan if it is being re-financed;
5. In the case of the Borrower declaring rental income, we will require the past 6 months rent statements along with a copy of the lease.

For a construction loan the applicant must be able to demonstrate that they the balance of any funds required to be able to complete the project, excluding the amount of our loan. The borrow must include as part of their application A copy of the fees schedule for the development, inclusive of council contribution fees, contingency, professional fees, stamp duty, legal fees and marketing.

We will consider applications without financial records at a reduced LVR and to be assessed on their merits.
Interest Retention: If requested then interest for the term of the loan is placed in a at call account bank deposit, with monthly withdrawals to meet interest payments.
Security: First Mortgage only
Directors’ guarantees to support a company borrower
Debenture charge from a company borrower will be required
Collateral security may be required
Fees (excluding GST): 1% establishment fee
Repayments: Loans are offered on an interest only basis, interest payable monthly. Part principal repayments allowed.
Applications: All loan applications must be made on an Owenlaw Application Form.
Further information: phone 1300 856 600 or click here to email
© Owenlaw Mortgage Investment