We’ll help you get started with our bridging, business and building loans.
Private lenders like Oterra Capital are increasingly ‘filling the gap’ and meeting market demand by providing loans outside of mainstream banks’ rigid and increasingly restrictive lending criteria and processes.
To cover the gap between an immediate opportunity and the time it takes to arrange alternate funding or pending sale.
Business
For businesses that require additional working capital.
SMSF
For purchase of residential property for investment or non-specialised commercial real estate.
Construction
We assist with anything construction related including partially complete developments, land banking and residual stock. Please contact us for more information on our construction loans.
FEATURES
Loan amount $100K to $20M
*All loans are secured by 1st or 2nd mortgage or caveat
Indicative fees
No upfront commitment fees
Application fee: 1.1% - 2.2%
Legal fees (at cost): from $1,900
Valuation fees (at cost): from $330
No discharge fees
Security
Residential (owner-occupied or investment)
Commercial (owner-occupied or investment)
Industrial (owner-occupied or investment)
Rural
Future development land or any other vacant land considered
Max LVR
Up to 80% of lender’s panel valuation considered (for all security/s)
Payment options
Monthly in advance Pre-paid Monthly in arrears Capitalised interest