Flexible Residential First Mortgages
We offer flexibility that main stream banks either can’t or won’t. Our first mortgage residential lending tends to be shorter terms of between six and twelve months to meet a whole range of requirements:
Property purchase
Bridging finance
Working capital release for a business or project
Debt consolidation
Bank rescue
Irregular income or no financials
Impaired credit history
Offshore resident
Interest can be capitalised, part-capitalised, or paid monthly. For each facility we meet the beneficial borrower and inspect the property prior to any drawdown on the loan facility.
Indicative lending terms are:
Facility up to $10.000m
Term up to 24 months
Interest Rates typically from 8.95% p.a. + 0.25% /month line fee
LVR up to 75%
Finance Fee of 2.00% (excludes brokerage commission)
Please note that Cressida does not fund transactions which constitute consumer lending under the CCCFA.
What people are saying
“Naomi was excellent, very helpful, great communication. First time using Cressida and I will definitely be sending more deals your way on the back of the service received”
