Senior Debt

Vado Private is a specialised mortgage manager. Loans are secured by registered first mortgages against all major property asset classes including residential, retail, commercial and industrial for both development and investment. Typically, borrowers include property developers, property investors and small-to-medium sized business owners. Vado Private’s key points of difference include:

 

  • No exit strategy required
  • Simple credit process
  • Understanding of property, construction and development
  • Prompt decisions
  • Funding construction loans
  • Vacant land acceptable security
  • Lend on partially complete projects

Established Property

Security
Registered 1st ranking mortgage
Property Type
Residential, commercial, retail, industrial
Location
National, metro areas only
Facility Type
Fully Drawn
Minimum Loan
$500K
Maximum Loan
$50 mil.
Minimum Term
1 month
Maximum Term
36 months
LVR
Up to 70% of ‘As Is’ value (excl. GST)
Repayments
Prepaid, monthly or capitalised

Land (Planning Approved)

Security
Registered 1st ranking mortgage
Property Type
Residential, commercial, retail, industrial
Location
National, metro areas only
Facility Type
Fully Drawn
Min. Loan
$500K
Max. Loan
$50 mil.
Min. Term
1 month
Max. Term
18 months
LVR
55-65% of ‘As Is with DA’ value (excl. GST)
Repayments
Prepaid, monthly or capitalised

Land (No Planning Approval)

Security
Registered 1st ranking mortgage
Property Type
Residential, commercial, retail, industrial
Location
National, metro areas only
Facility Type
Fully Drawn
Min. Loan
$500K
Max. Loan
$50 mil.
Min. Term
1 month
Max. Term
18 months
LVR
50-60% of ‘As Is’ value (excl. GST)
Repayments
Prepaid, monthly or capitalised

Construction

Security
Registered 1st ranking mortgage
Property Type
Residential, commercial, retail, industrial
Location
National, metro areas only
Facility Type
Progressively Drawn
Min. Loan
$500K
Max. Loan
$50 mil.
Min. Term
As per construction program and QS report
Max. Term
As per construction program and QS report
LVR
Up to 70% of ‘As If Complete’ value (excl. GST)
Repayments
Capitalised
Presales
Nil – 100% + Debt Cover