
Vado Private provides first mortgage debt funding for property development, construction, business and investment purposes.
Vado Private provides first mortgage debt funding for property development, construction, business and investment purposes.
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:
Simple credit process
No tax returns or financials required
No serviceability test
Understanding of property, construction and development
Investment and bridging loans
Vacant land loans
Construction loans for new builds
Construction loans for incomplete projects
Owner builders
Residual stock loans
Loan terms up to 3 years
Security |
Registered 1st ranking mortgage |
Property Type |
Residential, commercial, retail, industrial |
Location |
National, metro areas only |
Facility Type |
Fully Drawn |
Minimum Loan |
$250K |
Maximum Loan |
$25 mil |
Minimum Term |
1 month |
Maximum Term |
36 months |
LVR |
Up to 70% of ‘As Is’ value (excl. GST) |
Repayments |
Prepaid, monthly or capitalised |
Security |
Registered 1st ranking mortgage |
Property Type |
Residential, commercial, retail, industrial |
Location |
National, metro areas only |
Facility Type |
Fully Drawn |
Min. Loan |
$250K |
Max. Loan |
$25 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 |
Security |
Registered 1st ranking mortgage |
Property Type |
Residential, commercial, retail, industrial |
Location |
National, metro areas only |
Facility Type |
Fully Drawn |
Min. Loan |
$250K |
Max. Loan |
$25 mil |
Min. Term |
1 month |
Max. Term |
18 months |
LVR |
50-60% of ‘As Is’ value (excl. GST) |
Repayments |
Prepaid, monthly or capitalised |
Security |
Registered 1st ranking mortgage |
Property Type |
Residential, commercial, retail, industrial |
Location |
National, metro areas only |
Facility Type |
Progressively Drawn |
Min. Loan |
$250K |
Max. Loan |
$25 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 |