Vado Private provides first mortgage debt funding for property development, construction, business and investment purposes.
SENIOR DEBT - PRIVATE MORTGAGE
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
Established Property
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 |
Land (Planning Approved)
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 | 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 |
Minimum Loan | $250K |
Maximum Loan | $25 mil |
Minimum Term | 1 month |
Maximum 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 |
Minimum Loan | $250K |
Maximum Loan | $25 mil |
Minimum Term | As per construction program and QS report |
Maximum 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 |