Resimac Asset Finance Secured Commercial Loan
Term loanSecured
1st and 2nd mortgage over residential property in Category 1 to 4 locations. Medium-term secured commercial loan for purchase, refinance, working capital, debt consolidation or business investment opportunity.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- Up to $5,000,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Secured
- Type of finance
- Term loan
Limits and fees
- Loan amount
- Up to $5,000,000
- Loan term
- Not published
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Most you can borrow
$5,000,000
Typically you can borrow up to $5,000,000.
Pros and cons
Pros
Nothing stands out.
Cons
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.