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Rhodes Financing Solutions Pty Ltd provide flexible, private commercial short term lending solutions your clients need, delivered with speed and efficiency. We focus on building relationships and closing deals.
Borrowers: 3 Doctors in Melbourne formed a new company and signed contract to purchase vacant land in Geelong VIC with the intention to obtain DA approval to subdivide into smaller lots.
The Challenge: their bank would not approve their loan.
Our solution: We loaned them 100% of the purchase price, settlement in 2weeks.
Loan amount: $2.85 mil, with interest capitalized.
Security: 1st registered mortgage over the property being purchased; 2nd registered mortgages over their 3 houses in Melbourne; GSA over the company; Directors Guarantees
Term: 12 months
LVR: 60%Interest
Rate: 15% pa
Establishment Fee: 1.65%
Broker Fee: 1.1%
Exit strategy: sell as a DA approved site or refinance to a construction loan
Borrowers: Company (name excluded for privacy reasons)
The Challenge: Borrower needed to pay overdue $180k ATO debt and a further $200k for working capital for her business.
Our solution: we loaned her $480k as a 2nd mortgage, including interest cap
Security Location: Epping NSW 2121
Property value: $3.9M
1st mortgage: with a 2ndtier lender $2.22M
LVR: 70%Loan term: 6 months
Interest rate: 20% pa
Establishment Fee: 2.2%
Broker Fee: 2.2%
Exit strategy: refinance, or repay in full from cash flow.
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We are a small team of professionals that offer bespoke commercial lending solutions to brokers. Our process has been developed to get your deals closed without wasting time.
Our team is made up of industry professionals that brings a wealth of expertise in Financial Services, Accounting, Lending, Venture Capital, Funds Management and Law.
Faster deals and reliable funding lead to happier clients and faster income for the broker.
Brokers often deal with complex financing scenarios. Tell us what you need and we will customise a solution that works for you and your client.
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Rhodes Financing Solutions can assist you with loans for business, commercial, or development purposes.
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You can submit a scenario by email or fill in the form by clicking the button below.
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We will email an indicative quote outlining loan terms, rates, costs, and documents required.
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If you and your client are satisfied with the indicative quote, we will issue a formal letter of offer with loan specifics and brokerage fee.
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If the borrower wishes to proceed, return the offer signed and dated by the borrowers along with the requested documents.
Settlement is done, once loan documents are signed and funds are transferred. Your brokerage fee will be disbursed as per the agreed terms.
We offer short to medium term loans for business, commercial, or development purposes and it is to be secured by first or second mortgage.
Our approval process is fast. Your loan proposal may be approved within 24 hours.
We only offer non-NCCP loans. Our services are focused on loans that fall outside the scope of the National Consumer Credit Protection Act.
We are open-minded and will look at a range of factors when assessing a loan proposal. Examples of these factors include our security position, commercial of viability as well as exit strategy.
To apply for a commercial loan, you will need to fill in the contact form or email enquiries@rhodesfs.com.au and we will be in touch shortly.
The interest rate we charge will depend on a number of factors, including whether there is a 1st or 2nd mortgage available, LVR, perceived risk, and prevailing market conditions. There will be some fees involved, including potentially an establishment fee, legal costs, and property valuation fee. These will depend on the type of facility required. Please fill in the contact form or email enquiries@rhodesfs.com.au for more details.
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Rhodes Financing Solutions Pty Ltd ACN 651 843 828
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Office Address