Lantern Finance specialises in Short Term Finance facilities for periods of up to 12 months, in the market place these types of loans are known as Bridging Loans, Bridging Finance, Caveat Loans, 2nd Mortgages Private Mortgage facilities and Short Term Loans
We have access to both our own funds as well as funds from Sophisticated Investors and are able to assist you the applicant with your funding needs up to loan amounts in excess of $ 1,000,000
Interest Rates
For these types of loans Interest is charged monthly and can either be paid on a monthly basis or the interest can be capitalised (financed into the gross loan amount)
Fees and Charges
Legal Fees
From $ 550.00 but quoted on each deal
Application Fees
From $ 550.00 depending on loan size and the investor involved
Establishment Fee
not all loans carry this but they start from 1.50% of the gross loan amount, this is capitalised into the loan
Valuation Fees
From $ 330.00 for Residetial properties up to $ 1,000,000
From $ 660.00 for Residetial properties up to $ 2,000,000
From$ 1,320.00 for Residetial properties up to $ 2,500,000
From $ 550.00 for Commercial properties but generally a quote is obtained
Valuation fees are paid by the applicant upon acceptance of the letter of offer
Admin Fees
Not Applicable
Penalty Fees
Not all the investors carry a penalty fee if you repay the loan facility back early
Product Specific Loans that Lantern Finance can provide
