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:
Working capital release for a business or project
Irregular income or no financials
Impaired credit history
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 $5.000m
Term up to 24 months
Interest Rates from 7.95% p.a.
LVR up to 75%
Finance Fee 2.00% (excludes brokerage commission)
Please note that Cressida does not fund transactions which constitute consumer lending under the CCCFA.