B2B CAPITAL NEWSLETTER - JANUARY 2010
Commercial Finance
Welcome to our latest newsletter.
In this edition, we provide details as to what funding options we have available and cover the latest news on what's been happening in the finance industry which is certain to be of interest to you.
We hope you enjoy the newsletter and as always, please contact us on 1300 728 796 if you have any questions or need our assistance with commercial finance.
Current Funding Facilities Available
B2B Capital can assist with the following funding options currently available, which are as follows:-
- Funding available up to 75% LVR
- No presale requirements
- Private funding rates starting as low as 8.5% p.a.
- Mezzanine Finance available for $1 million plus applications
- Joint Ventures & Equity Participation
B2B Capital will consider funding submissions on a case by case basis, generally subject to the following criteria:-
Loan Amount
- Minimum $500,000
- Maximum $10,000,000
Purpose Non-Regulated Only
- Construction
- Bridging
- Refinance
- Purchases
LVR
- 1st Mortgage Maximum 75% of Gross realisable value of security.
Terms
- 6 - 24 months (interest only)
Fees
- Establishment Fee (1.25% - 2%)
- Legals (Included in Establishment Fee (excluding Govt costs))
- Management (Included in interest rates quoted
Pacific First avoids fire sale as CBA extends loan
Pacific First Mortgage Fund has avoided an asset fire sale after Commonwealth Bank of Australia extended an $82 million loan facility for the beleaguered fund.
Fund manager BalmainTRILOGY says the new loan facility will now expire on June 30, 2010 and will be renewable every year if CBA remains comfortable with the fund's performance.
BalmainTRILOGY's joint chief executive Andrew Griffin said the bank's decision enhanced the fund's ability to improve recoveries from its assets and prevented a fire sale of some assets...read more
Source: Sydney Morning Herald 28 January 2010
Mortgage respite in sight for homeowners
BANKS will not pass on the full increases in interest rates this year in a reversal which would save home loan customers a combined $150 million a month.
Australia's top macroeconomist Chris Richardson yesterday said that increasing competition for new customers and lower funding costs would cause major lenders to absorb about 30 basis points of Reserve Bank increases during the second half of 2010.
Futures markets predict the Reserve will raise official interest rates by 1 per cent this year, beginning with a 25 basis point increase in February or March...read more
Source: News.com.au 27 January 2010
Reno means centre won't miss the bus
The Gold Coast Council-owned Surfers Paradise Transit Centre is poised for a $1.8 million makeover in a bid to attract new tenants.
The council has enlisted Bayliss & Samra Commercial Realtors to manage the property and launch a leasing campaign to fill its 2130sqm of lettable retail and office space.
The council plans to repaid the three-level building, on the corner of Beach Road and Remembrance drive, and replace all the windows...read more
Source: Gold Coast Bulletin 22 January 2010
New owner looks at changing village plan
A VICTORIAN company has paid $5.5 million for an Elanora property with approval for a retirement village in a recently settled deal.
Beacon Builders, linked to Peter Beaconsfield, picked up the 9.49ha property at 2 Nollamara Drive after RSL (Qld) War Veterans Homes Limited decided to sell the property last year.
The landholding has approval for a retirement village and 11 home sites, to be called Mallabara Retirement Community...read more
Source: Gold Coast Bulletin 15 January 2010
B2B Capital has the ability to supply short term finance for acquisitions, refinance, development and construction for residential, commercial and industrial properties.
We can coordinate and structure finance packages to include the following:
- Senior debt
- Mezzanine funding
- Joint Ventures
This additional financial leverage can facilitate:
- Mergers and acquisitions financing
- An emerging growth opportunity
- A management or other leveraged buyout
- Corporate debt refinancing
- Recapitalization
- Commercial property development
Interest rates and fees associated with any loan approval will vary according to the type and complexity of the loan. All interest and fees will generally be capitalised within the loan facility.
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