Case studies
NEW HOME PURCHASE – BEAUMARIS, VICTORIA | September, 2004
Loan amount: $400,000
LVR: 60%
Property type: Residential house
Details:
Client purchased a new owner occupied property and APF secured the finance under a Professional Package from Suncorp Metway. Under this loan structure the client was able to deposit surplus funds into the 100% offset account and reduce the monthly interest charges on his mortgage. The client did not pay any establishment fees for the mortgage and had full advantage of fee free transactional banking from the lender. APF recently conducted an annual review of the client’s loan structure and was able to refinance the properties to a major lender and reduce the interest rate being charged.
RESIDENTIAL INVESTMENT PORTFOLIO REFINANCE | May 2011
Loan amount: $1,180,000
LVR: 80%
Property Type: Residential investment property
Details:
The client was referred to APF by their accountant to look at restructuring their residential investment portfolio. After reviewing the current loan structure APF was able to refinance the client to a major bank and which saved them over 1% on the interest rate. The loans were split in accordance with the accountant’s instructions and the savings in fees and interest have improved the client’s cash flow position.
VEHICLE PURCHASE | June 2011
Loan amount: $24,400
Asset: New vehicle
Interest rate: 9%
Details:
The client purchased a new vehicle from a new car dealer. The finance was being organised by the car dealer who would not disclose the interest rate to the client. After being referred to APF we submitted the application and settled the loan in 2 business days. Client was made aware of the new interest rate and upfront repayments and is now enjoying the new car.
COMMERCIAL REFINANCE – KENSINGTON, VIC
Loan amount: $640,000
LVR: 70%
Property Type: Commercial factory
Details:
Client was referred to APF by a solicitor to assist with refinancing his commercial premises. The business was under duress and the client’s cash flow position was not strong. The existing loan repayments were being made but were not always paid on time. APF was able to refinance the commercial premises with a private funder and payout the existing loan. APF also arranged for some additional capital that was used to assist the cash flow of the business. After being with the private funder for 12 months and getting the business back on track, the client was able to refinance back to a bank at a competitive interest rate.
DEVELOPMENT FUNDING
Loan amount: $6,575,000
LVR: 70%
Property Type: Land Subdivision (167 residential lots, 1 x 69 apartment site and 1 x 5 unit commercial project)
Location: 20km’s North of Melbourne CBD
Serviceability Type: Based on presales and pre-commitments
Term: 18 months
Interest Only Period: Duration of facility
Interest Rate: <10%
Purpose:
To settle property purchased for development and fund the civil works until completion to enable pre-sales to settle.
Details:
A major bank funded this transaction in a time where development finance is hard to procure. APF’s experience added value and aided the successful delivery of this funding facility for the sponsors of the project.
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