ibn specialises in Commercial and Development funding and has access to scores of private funders – in fact over 200 lenders.

Funds are available for:
– 2nd mortgages (all property types).
– Non conforming residential loans.
– Short and long term loans.

Security Types
• Commercial, industrial, retail and residential property, including land.
• Specialised assets are also acceptable including;
hotels, motels, medical centres, hospitals, nursing homes, Sporting Centres Reception Centres, Retail shops, Theatres/Cinemas, Child Care Centres, Strata Office, Retirement Villages, Warehouses, Golf Courses, Hobby Farms, Service Stations.

Commercial Funding
• Up to 75% Asset lend.
• Specialised (eg. Restaurants, Inner city strata offices) up to 75% LVR.
• Fully verified loans up to 80% LVR.
• Land bank deals.

Development Funding
• Hard Cost lend - Traditional method used by mainstream lenders. Up to 80% of all hard costs.
• Gross Realisation Lend - up to 75% of the value of the completed project. Includes soft costs, such as stamp duties, council fees etc.
• Mezzanine funding - Allows the client to keep hold of additional cash. Particularly useful when the developer has several projects on the go. LVR 75-90%.
• Joint Venture or Equity partner funding - Allows the developer the option to trade equity in return for profit share of the development. LVR 85-100%.

Residential Funding
• Full doc up to 105% LVR (no credit arrears & fully verified – conditions apply).
• Low doc up to 95% LVR.
• Asset lend up to 85% LVR (land up to 75% LVR).
• 2nd mortgages up to 85% LVR .
• Residential specialised securities (block of flats) up to 70% LVR.
• Vacant Rural up to 60% LVR (no broad acres).
• Hobby farms / rural-residential properties (with house) up to 80% LVR low doc.

Restrictions
• Loan over $250,000 (exception is second mortgages).
• Must have real estate security
(exceptions are Management Rights and Cash Flow lending).

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