Who do we lend to?
Angas Prime specialises in first mortgage lending for any reasonable commercial purpose. Our loans are short term (normally up to 12 months). Loans from $300,000 will be considered although most loans will be in excess of $1 million. Loans may be rolled for a further term, subject to serviceability history, an updated valuation and approval by our Credit Committee.
All loans are interest only, payable monthly in advance. Prepaid interest will often be considered as an alternative to monthly serviceability. Angas Prime is not a 'tick the box' type lender, and will consider all circumstances fairly.
What type of security property will Angas Prime accept?
As an asset based lender, Angas Prime provides finance against prime commercial, residential or industrial real estate, which must be secured by a registered first mortgage. Leasehold properties will also be considered on a case-by-case basis.
The security property must be located in Australia and is subject to an independent valuation report. The Loan to Valuation Ratio ("LVR") must not exceed 70% of the 'as is' value of the property.