We work closely with our loyal borrowers on their developments and support them throughout their journey.
We lend on a first mortgage basis against real property in Australia.
Our Fund provides finance across a wide range of real estate assets, with particular expertise in the subdivision and englobo land space.
Typically interest payments are made monthly in arrears.
Please contact us to obtain current interest rates.
We have a maximum Loan to Value Ratio (LVR) of 66.66% of the sworn valuation of real property, however lesser LVRs will apply for certain categories of property.
Generally, the maximum term for a Loan Facility is
Repayment and/or reduction options are available. Contact us to find out more.
When borrowing for a development project RMBL will lend on a cost to complete basis where appropriate. There may also be a requirement for pre-sales to be in place.
Renewal options are available where all obligations have been met during the period of the initial loan facility and the value of the security property continues to satisfy RMBL’s LVR requirements.
RMBL’s standard fees include:
Up to 2.5% (plus GST) procuration fee on the amount drawn down;
Standard legal fees for preparation of security documents;
Collection charges on the amount of interest payable each quarter, unless otherwise disclosed in the SPDS;
Valuation fees, which are set by our Panel Valuers; and
any other fees applicable such as early repayment fees, discharge fees or enforcement costs.
These fees may be amended from time to time and this is only a guide.
Download the Loan Application Form and return to RMBL along with all required supporting documentation. We will be in touch to discuss your requirements further.
Please note that RMBL will be unable to process your application until all details requested have been provided. By completing the form in full in the first instance, we will be in a position to advise you of the outcome of your application sooner.