Loans for commercial or investment purposes only.
Loans captured under the National Consumer Credit Protection Act 2009 will not be considered.
Loan Type
Loan Purpose
- Property purchase
- Refinance / Portfolio finance restructure
- Development / Construction finance
- Equity release
Loan Term
3 to 24 months.
Loan Amount
From $500,000 to $10,000,000. Larger loan amounts may be considered.
Security
Mortgage over real property within Australia.
General securities agreement and personal guarantees from the director(s)/principal(s) as well as other documents prescribed by legal council and standard for a transaction of this nature.
Security Property Type
Residential, commercial, and industrial – established or vacant land.
Specialist security will not be considered.
All security property to be independently valued by panel valuer of Seneca or at Seneca’s sole discretion.
LVR
Up to 80%.
Servicing
Interest to be pre-paid within the approved facility. Borrower may service monthly interest payments subject to satisfying serviceability criteria.
Fees & Rates
Priced upon application and assessment.
Credit History
Clean credit record and a successful history in transacting of assets similar to the Loan Security offered.
Loan exit
A clear loan exit strategy must be provided.
Sale or refinance of the security property or a facility restructure is acceptable subject to Seneca confirming that the proposed exit is reasonably achievable.
Borrower profile
Experienced property investors/developers with a proven track record.
Australian residents and/or Australian registered companies/entities only.