ING Commercial

SECURITY - 75% LVR standard metro, 70% LVR standard regional

• Acceptable – Factory, warehouse, offices, mixed use, residential blocks (up to 12 units)

• Acceptable Non – standard (case by case)

 Childcare Centres up to 65% LVR. Leased to national operators

 Boarding houses up to 65% LVR. Located in Inner Sydney/Melbourne/Brisbane

 Service Stations up to 65% LVR. Leased to major/national operators

Unacceptable Securities – Panel- beater, mechanical workshop, vacant land and construction


PRODUCT INFORMATION

Terms Max 5 years IO. Up to 20 years P&I. Shorter terms f strong reliance on rental for servicing

Loan Type Variable or fixed (rate lock available – fee applies)

LVR Up to 75% for Metro or 70% for Regional for P & I or IO loans

Loan Size $250,000 to $3,000,000

Type of borrower Individual, Companies and Trusts

Purpose Investment, Owner Occupied, Business Purpose, Equity reimbursement, Cash Out

Valuation Fe Fees from $1,080

Legal fees Estimated Legal fees from 0.10% of total loan amount, with a minimum fee of $889 (+GST) and disbursements

Early repayment fee 1 months interest on original loans amount if repaid with first 5 years (+ break costs for fixed rate products)