1st Ranking Mortgage
Rate: 7.55% p/a
Location: Western Sydney
LVR: 50%
A European social club in Western Sydney had restructured after years of irregular activity, including a partial land sale and a knockdown-rebuild deal that delivered brand-new premises. Despite added pressures from COVID-19 and administrative challenges, Mortgage AI saw the long-term value and secured funding based on projected cash flow, a refreshed board, and a new business plan — all at near-bank rates.
1st Ranking Mortgage, 6 months interest capitalized
Rate: 9.25% p/a
Location: Hobart
LVR: 70%
A prominent land developer held a substantial portfolio of raw land slated for rezoning, along with a mix of completed residential and commercial properties. Although a past dispute with a tier 2 lender remained on their credit file, the borrower’s strong monthly income and significant cash reserves offset the outdated credit record. The valuer assessed the security based on proposed — though not yet formally approved — changes to the Local Environmental Plan (LEP).
1st Mortgage Special Situation Loan Funded via Intercreditor Deed
Rate: 12.15% p/a
Location: Melbourne
LVR: 90%
A developer encountered delays due to COVID-19, followed by increases in building prices on a highly valuable site. Through the receivers, Mortgage Ai negotiated a capital stack restructure to unlock extra funds for planning changes — boosting yield and restoring project viability. The restructure unlocked critical funding, restarting a stalled project and delivering strong returns.
1st Ranking Mortgage interest capitalized.
Rate: 12% p/a
Location: Byron Hinterland
LVR: 55%
Circa 40 acres of land and multiple dwellings on one title. Borrower needed a higher LVR and get cash out. The existing 1st tier lender was unable to provide or take into consideration the upgraded improvements to the property which made it income generating. The property had a recent renovation and various land scaping and internal road built. As the property had only just started producing income. We were able to cash out some equity in the property to repay related party loans from other professional services businesses the guarantor owned.
1st & 2nd Ranking
Rate: 16% p/a
Location: Lennox Head
LVR: 75%
The borrower has a substantial piece of land that needed a slightly higher LVR than what most lenders were prepared to give with capitalized interest. Borrower also had other metropolitan residential properties to strengthen the deal and needed to settle within 7 days to redraw equity to fund a deposit on an unrelated property purchase with a long settlement date. We were able to meet the time frame and assist. 12 months interest capitalized. 1st RM was over primary security and secondary securities where settled with a caveat protecting a 2nd RM
1st ranking mortgage over residential property
Rate: 10% p/a
Location: Gold Coast
LVR: 65%
Cashout on unencumbered residential security property owned in a company name. This was assessed as an asset lend to fund a startup business with the first 6 months capitalized interest. Experienced businessman as guarantor who had demonstrated he had sufficient Acumen to make the business a success.
1st ranking mortgage over Pub and Gaming licenses
Rate: 10% p/a
Location: Sydney
LVR: 40% of going concern value (inc property)
Borrowers bank facility was not rolled over due to banks overall exposure and negative appetite with respect to Pub Assets as they were holding a number of exposed and out of covenant loans on their books from Covid times. Funds originated from Asia.
Rate: 12.00%
Asset Type: Aircraft
Loan Ratio: 80%
A boutique airline had secured a contract to fly domestic and commercial routes but was a start-up, used a combination of security between the director’s property assets and the aircraft despite being registered in a foreign jurisdiction, we were able to comfortably structure and document via a specialist law firm who assists in cross border financing.
Rate: 11.5%
Location: Cranes
Loan Ratio: 60%
Highly specialized crane that no traditional lender wanted to fund due to the secondary market for such a unique piece of equipment. We were able to bundle together a number of other cranes into the deal that brought down the forced sale LVR and settle it through a alternative capital source.
Rate: 6.50%
Asset Type: Fleet of Trucks
Loan Ratio: 75%
Syndicated between a number of lenders to fund a fleet of new trucks and trailers.
Rate: 8.50%
Location: Luxury Boat
Loan Ratio: 60%
Luxury Boats are very difficult to finance, funded through offshore financier that needs some level of confirmation of the borrower’s capacity but was in effect a low doc style facility.
Rate: 6.00%
Asset Type: Fit out / Medical Equipment
Loan Ratio: 75%
Provided syndicated funding for a private hospital medical equipment and it’s fit out.
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