Development & Construction Finance
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Assured Management Fund assisting with your construction and development finance needs.
About Assured Management Limited
Assured Management Limited (AML) is a boutique funds manager specialising in first mortgage construction and development finance in South East Queensland and Northern New South Wales.
A Personalised Experience
AML’s ability to work directly on a personalised level with developers is what sets it apart from competitors. Direct access to the people who are approving and monitoring your loans provides assurance to you as the borrower. This creates a proactive line of communication that puts AML in a good position should any intervention or involvement become necessary. AML is not a bank and doesn’t purport to be one; unlike traditional financial institutions they have a dynamic and commercial mindset with the flexibility and capacity to problem solve and work closely with our developers to reach the shared objective; to finish projects in a timely and cost effective manner.
Two of the Directors have been involved in the mortgage funds management business since the early 1990's and one of the Directors has been involved in the mortgage industry generally since 1978. In total, all Directors have a combined industry experience in excess of 60 years. This experience has been instrumental in maintaining high performance and the continuing prosperity of the Assured Mortgage Fund, even through difficult economic times. Assured Management Limited has always maintained a focus on the markets in which its investments are being placed and will continue to do so in the future.
Type of Loans
Assured predominantly funds construction and development loans in South East Queensland and Northern New South Wales. Mainly funding land subdivisions, housing estates, townhouse developments and unit blocks.
AML lends to 65% Loan to Valuation Ratio. This applies to both the 'As Is' valuation and the 'Gross Realisation' (Including GST); at all times the aim is to hold the cost to complete in our facility. In some instances where this leaves the developer a little short a facility can be organised to use the developers GST refunds. By utilising this method the developer can add the GST refunds to our loan facility to assist in funding the cost to complete.
Size of Loans and Term
Loans range from $100,000.00 to $8,000,000.00* with a maximum term of 18 months.
AML prides itself in offering transparent and competitive pricing without the hidden costs of many competitors.
Fees and interest charged the Borrower:
1. An application fee of 2% (free of GST)
2. Interest of 12% p.a.
3. Release Fee/ Consent Fee of $495 for each release of mortgagor consent.
4. The Borrower will also need to pay for valuation fees, quality surveyor fees, and any other outlays.
Fees that are not charged the Borrower:
1. Legal fees for preparation of mortgage documents.
2. Draw down fees.
3. Management fees.
4. Line fees
5. Fees for drawing on variations.
6. Monthly monitoring fees.
Contact Assured Management
To apply please contact AML and speak directly to the loans approval team.
Phone: (07) 5578 6177