Case studies | Paramount Mortgages

Case studies.

Settlement Spotlight

Land Bank

LOAN SIZE
$5,035,000

RATE
7.50%

LVR
55%

INTEREST
Capitalised / pre-paid

TERM
2 years

Rural - 120 Acres Cash Out

LVR
Lo Doc

RATE
7.95%

LOAN AMOUNT
$2,400,000

SERVICED VIA
Accountants Letter

LOCATION
Nagambie Vic

Private 1st

LOAN SIZE
$3,500,000

RATE
4.75%

LVR
70%

SERVICED WITH
Accountants Letter Only

LOCATION
Toorak Vic

Residual Stock

LOAN SIZE
$2,440,000

RATE
5.25%

SERVICED VIA
Accountants Letter

CREDIT IMPAIRMENT
$35,000 Default

LOCATION
Padstow Heights

Incomplete Development Site For 16x Units

Was at brick and roofing stage Land value - $6,500,000 Construction cost - $ 5,500,000 End value -$16,600,000 Loan amount - $8,232,000 55% LVR (against end value) First mortgage Location - 160-166 Woronora Road, Engadine NSW Rate 8.00%

Mortgages

Vineyard Cash out
LOAN SIZE
$1,650,000

LVR
50%

RATE
7.95%

BORROWING ENTITY
Company

LOCATION
Yarra Valley

Vineyard Cash out was last modified: December 10th, 2019 by Austin
Land Bank
LOAN SIZE
$5,035,000

RATE
7.50%

LVR
55%

INTEREST
Capitalised / pre-paid

TERM
2 years

Land Bank was last modified: December 10th, 2019 by Austin
120 Acres cash out
LVR
Lo Doc

RATE
7.95%

LOAN AMOUNT
$2,400,000

SERVICED VIA
Accountants Letter

LOCATION
Nagambie Vic

120 Acres cash out was last modified: December 10th, 2019 by Austin
Industrial Warehouse
LOAN SIZE
$763,750

RATE
6.25%

LVR
65%

INTEREST
Capitalised For 24 Months

LOCATION
Dandenong South

Industrial Warehouse was last modified: December 10th, 2019 by Austin
Private 1st Mortgage
LOAN SIZE
$3,500,000

RATE
4.75%

LVR
70%

SERVICED WITH
Accountants Letter Only

LOCATION
Toorak Vic

Private 1st Mortgage was last modified: January 31st, 2020 by Austin
Residual Stock
LOAN SIZE
$2,440,000

RATE
5.25%

SERVICED VIA
Accountants Letter

CREDIT IMPAIRMENT
$35,000 Default

LOCATION
Padstow Heights

Residual Stock was last modified: March 4th, 2020 by Austin
2 Unit Development
SELF EMPLOYED
Lo Doc

RATE
7.99%

LOAN AMOUNT
$1,955,000

END VALUE
Lo Doc

LOCATION
Brighton East

2 Unit Development was last modified: December 9th, 2019 by Austin
Lo Doc Vacant Land
DEAL TYPE
Lo Doc – Accountants Letter

LOAN SIZE
$640,000

LOAN Term
30 year P&I Term

RATE
7.19%

LVR
80% – on vacant land

LOCATION
Mullaloo WA 6027

Lo Doc Vacant Land was last modified: February 12th, 2020 by Paramount Mortgages
Land Bank – DA Approved 90 Units
LOAN SIZE
$6,035,000

RATE
7.50%

LVR
55%

INTEREST
Capitalised

TERM
2 Years

Land Bank – DA Approved 90 Units was last modified: March 5th, 2020 by Paramount Mortgages
2nd Mortgage – Incomplete Development
LOAN SIZE
$550,00

RATE
13%

CORPORATE ENTITY
No Doc

LOCATION
Werri Beach

SECURITY
2 High End Duplex

2nd Mortgage – Incomplete Development was last modified: March 5th, 2020 by Paramount Mortgages
Coded Construction – 2 Units
LOAN SIZE
$595,000

RATE
8.50%

LVR
60% of End Value

INTEREST CAPITALISED
Exit – Sale of 1 Unit

LOCATION
Ringwood East Vic

Coded Construction – 2 Units was last modified: March 5th, 2020 by Paramount Mortgages
Urgent Settlement 5 Days
LOAN SIZE
$450,000

CORPORATE ENTITY
Cash Out

LVR
65%

SECURITY
Resi Property

LOCATION
Essendon West Vic

Urgent Settlement 5 Days was last modified: March 5th, 2020 by Paramount Mortgages
Incomplete Development
LOAN SIZE
$8,232,000

END VALUE
$16,600,000

LVR
55%

RATE
8.00%

LOCATION
Engadine NSW

Incomplete Development was last modified: March 5th, 2020 by Paramount Mortgages

Leasing

No Doc – Bus Loan
LOAN SIZE
$83,000

DEALER BUY
Yes

DEPOSIT
15%

PROPERTY BACKED
Yes Home Owner

ABN REGISTERED
Since 2011

No Doc – Bus Loan was last modified: December 9th, 2019 by Paramount Mortgages
No Doc – Car Loan
DEAL TYPE
No Doc

LOAN SIZE
$46,000

DEPOSIT
10% Deposit, Dealer buy

HOME OWNER
Yes

ABN LENGTH
3 Months

No Doc – Car Loan was last modified: December 9th, 2019 by Paramount Mortgages
Raised Funds on Trucks & Trailers
DEAL TYPE
Lo Doc

LOAN SIZE
$130,000

DEMONSTRATION OF SERVICEABILITY
3 Months Bank Statements

ABN LENGTH
1 Day ABN, With Industry Experience

Raised Funds on Trucks & Trailers was last modified: December 10th, 2019 by Paramount Mortgages
No Doc – Range Rover
PURCHASE PRICE
$162,000

LOAN SIZE
$150,000

RATE
6.07%

ABN & GST REGISTERED
24 Months

PROPERTY OWNER
NO DOC

No Doc – Range Rover was last modified: January 24th, 2020 by Paramount Mortgages
No Doc – Porsche Cayenne
PURCHASE PRICE
$140,000

LOAN SIZE
$100,000

RATE
8.5%

ABN & GST REGISTERED
12 Months

PROPERTY OWNER
No Doc

No Doc – Porsche Cayenne was last modified: January 24th, 2020 by Paramount Mortgages
No Doc – 5 Delivery Vans
PURCHASE PRICE
$162,000

LOAN SIZE
$170,000

RATE
8.6%

ABN & GST REGISTERED
Since 2013

LOAN TERM
5 Years

No Doc – 5 Delivery Vans was last modified: March 5th, 2020 by Paramount Mortgages