Mortgage House Commercial

Mortgage House Commercial

Mortgage House Commercial No annual fees No review Up to 70% LVR 20 year loan terms Loan sizes up to $5 million per security FULL DOC PRODUCT SPECIFICATIONS MINIMUM LOAN: $100, 000 LVR : LVR up to 70% $2M LVR up to 65% $2M $3M LVR up to 60% (P&I) $3M $5M LVR up to 55% (I/O) $3M $5M LOAN TERM: Maximum 20 years APPLICATION FEE: 1% + GST ($740 payable at time of application) SETTLEMENT FEE: 0.25% + GST (Minimum $750 + GST) BORROWER TYPE: 2 Years Full Financials, Owner Occupiers or Investors REPAYMENT TYPE: 5 Years Interest Only Available Fixed rate options available 1-5 Years Page 1 of 4

Mortgage House Commercial LEASE DOC PRODUCT SPECIFICATIONS MINIMUM LOAN: $100, 000 LVR : LVR up to 70% $2M LVR up to 65% $2M $3M LVR up to 60% (P&I) $3M $5M LVR up to 55% (I/O) $3M $5M LOAN TERM: Maximum 20 years APPLICATION FEE: 1% + GST ($150 payable at time of application) SETTLEMENT FEE: 0.25% + GST (Minimum $750 + GST) BORROWER TYPE: Lease Agreements Only Min lease term of 2 years remaining Investors Only REPAYMENT TYPE: Yes 5 Years Interest Only A vailable Fixed rate options available 1-5 Years Page 2 of 4

Mortgage House Commercial LEGAL COSTS 1 SECURITY FOR LOANS UP TO $600K: $440 FOR LOANS BETWEEN $600K - $1.5M: $550 FOR LOANS BETWEEN $1.5M - $2M: $770 FOR LOANS OVER $2M: Contact us for a quote EACH ADDITIONAL SECURITY: $220 1 TRUST DEED REVIEW: $99 1 GUARANTEE: $99 1 COMPANY SEARCH & DUE DILLIGENCE: $99 1 DEED OF PRIORITY: $220 CROSS BORDER MORTGAGE: $220 SETTLEMENT CANCELLATION FEE: $99 $165 RE-DOCUMENTATION AFTER AMENDMENT: $165 Page 3 of 4

Mortgage House Commercial LEGAL COSTS DISCHARGE FEE: $295 BANK CHEQUE FEE: $10 per cheque TELEGRAPHIC TRANSFER FEE: $35 per transfer GOVERNMENT REGISTRATION FEES & CHARGES: ACT $102.00 NSW $ 99.50 QLD $132.50 SA $140.00 VIC $102.40 WA $171.65 VALUATIONS: On Quote EARLY REPAYMENT FEE: Years 1 = 3 months interest; Years 2 = 2 months interest & Years 3 = 1 month interest. ERF is based on current interest rate and original loan amount TITLE INSURANCE: ALL PROPERTIES ONE SECURITY PROPERTY PREMIUM: $0.60 per $1,000.00 of the loan amount with a Minimum premium of $300.00 Each Additional Property $55.00 STAMP DUTY RATES: (Charged on GST inclusive amount and as varied from time to time) ACT 6%, NSW & QLD 9% VIC, WA & TAS 10% SA 11% Page 4 of 4

Mortgage House SMSF Commercial

Mortgage House SMSF Commercial A user friendly term loan to assist SMSF trustees to invest in Real property. It is important to seek structure. PRODUCT SPECIFICATIONS MAXIMUM LVR: Up to 65% *Maximum 60% LVR applies to loans where the Trustee is an individual. MAXIMUM LOAN AMOUNT: $1,000,000 APPLICATION FEE: $1% + GST ($750 payable at time of application) SETTLEMENT FEE: 0.6% applies Minimum Settlement fee $1,000 + GST MAX EXPOSURE (PER BORROWER): Existing Loan Amounts and LVRS apply (to a max 65%) PRODUCT AVAILABILITY: Subject to Normal CMBS Lending Criteria LOAN TYPE: Limited recourse loan which complies with the relevant legislative requirements (and any associated regulations) LOAN TERM: Maximum 20 years REPAYMENT TYPE: Yes Principal & Interest (P&I) Interest-Only (IO) IO Converting to P & I within 5 years. No redraw is available BORROWER: SMSF Trustee/s, which hold the beneficial interest in the security property, has the right to acquire the property from the Property Trustee, and is permitted to borrow in accordance with the relevant legislative requirements (and any associated regulations). Page 1 of 4

Mortgage House SMSF Commercial PRODUCT SPECIFICATIONS MORTGAGOR: Property Trustee/s, which meet the requirements of the relevant legislation (and any associated regulations). Holds the legal interest in the security property on trust for the SMSF. In addition to the general requirements regarding the security property, loans made to SMSF Trustee/s must be secured by a single asset comprising a security property on a single title (not two or more separate titles) and the loan must not cover any additional assets purchased at the time of property purchase. This includes furnishings or other items which are not fixtures. Off-the-plan purchases are acceptable subject to the following: SECURITY: o The full deposit is paid on the unit at contract o The SMSF Trustee does not make any ongoing construction payments o Upon completion of the construction of the unit, the SMSF Trustee makes a one off payment to the vendor (consisting of the loan proceeds and the balance of the purchase price funded by the SMSF Trustee) to complete the transaction Exclusions: o Vacant land o Specialised Security o Units < 50sqm GUARANTORS: Loans must be supported by personal guarantee/s for the full amount of the loan from all adult beneficiaries of the SMSF. Guarantees must be in accordance with the requirements of the relevant legislation and associated regulations. The lender must verify the guarantors financial position as being able to meet the obligations under the guarantee (please note that full income servicing and asset and liabilities details are required to be submitted for all guarantors) Non-resident guarantors are unacceptable. LOAN PURPOSE: Purchase of an investment property plus costs Refinance of an existing SMSF loan plus costs Exclusions: o Construction Loans o Purchase of rural property o Equity Release/Cash Out or Debt Consolidation o Non Arms length transactions o Purchase or refinance of owner-occupied property Page 2 of 4

Mortgage House SMSF Commercial PRODUCT SPECIFICATIONS Serviceability is calculated allowing for the following: SERVICEABILITY: o 80% of rental income from investment properties held by the SMSF. o Income from interest/dividend earning investments to be assessed using a deeming rate of 3% o Only mandatory superannuation contributions (currently 9.25% of superannuable salary) to be included o Superannuation taxation rules apply o Must allow for on-going expenses associated with running a SMSF o Loan repayment amount to be calculated on a principal and interest basis o Where a newly established SMSF cannot provide evidence (letter from their accountant) to confirm the running costs of the SMSF, a minimum of $3000 (GST inclusive) should be include in the SMSF Servicing Calculator, otherwise use the running costs state on the accountant's correspondence. Exclusions: o Income derived from other assets is to be excluded o Negative gearing benefits excluded o Where the property is occupied by a beneficiary of the SMSF, This will be subject to the valuation for such a property being valued on a vacant possession basis. Additional servicing capacity will be considered above the required 9.25% and up to the allowed ATO limits where: ADDITIONAL SERVICING CAPACITY: o Regular additional contributions have been made to superannuation or other personal investments or savings, or o Additional loan repayments have been made above the scheduled loan repayments. Note: These items are not to be included in the servicing assessment but can be considered to mitigate servicing affordability. All sources listed above must be verified over a 2 year period. OTHER EXCLUSIONS: Additional Loans/Top Ups Substitution of Security. Page 3 of 4

Mortgage House SMSF Commercial PRODUCT SPECIFICATIONS o SMSF and Property Trust Deeds, Guarantees and Loan Agreement must comply with relevant legislative requirements (and any associated regulations) including those which apply in relation to SMSF borrowing, the giving of security and the appointment of a nominee o Confirmation that SMSF is in compliance with the relevant legislation and associated regulations at the outset of the loan, which is to be evidenced as part of the Loan Application process DOCUMENTATION REQUIREMENTS: o SMSF Trustee borrowers and guarantors must obtain independent legal and financial advice and proof of such advice must be retained on the loan file o Guarantors financial position is to be verified as being able to meet the obligations under the guarantee o Guarantors are to be pursued by Sintex in the event of a default and will issue all notices up to and including the Notice of Demand o ASIC searches on all companies including Bare Trust o Copy of Full Lease Agreement (minimum 2 Year Term remaining) LEGAL FEES: $1,600 + GST o Standard document review o Preparation of mortgage documentation Page 4 of 4