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Short Term - Bridging - Transaction Finance
- Working Capital
Whatever your need is, whether it is for immediate short business or investment finance, Discover's experienced group of lenders will help you find your solution.
Don't have the necessary equity available? Discover maybe able to accept
other securities such as business equipment, listed shares, associated
party real estate, third party guarantees, accounts receivable. Discover
provides a flexible solution to your short term finance requirements
interest and facility fees are negotiable and can be advanced as part of
the financing.
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Discover 70 Plan
Amounts $10000-$150000
Registrable 1st or 2nd mortgage
Interest rate 3% plus payable monthly in advance*
Default interest rate 10%plus*
fees associated at borrower cost
borrower costs maybe capitalised
Facility Fee : 2% plus facility (min
$1000.00)
legals est.$1500.00
valuation as required
Default Events :
interst not paid due date
loan period expired
borrower in default with 1st mortgagor security becomes
impaired.
Rollover by negotiation:facility fee applies.
* subject to agreement by discover & borrower |
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Discover 80
Plan
Amounts $10000-$150000
registrable 1st or 2nd mortgage
interest rate 3% plus payable monthly in advance*
Default interest rate 10%plus*
fees associated at borrower cost
borrower costs maybe capitalised
Facility Fee : 2% plus facility (min
$1000.00)
legals est.$1500.00
valuation as required
Default Events :
interst not paid due date
loan period expired
borrower in default with 1st mortgagor security becomes
impaired.
Rollover by negotiation:facility fee applies.
* subject to agreement by discover & borrower |
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Discover 90
Plan
Amounts $10000-$150000
registrable 1st or 2nd mortgage
interest rate 3% plus payable monthly in advance*
Default interest rate 10%plus*
fees associated at borrower cost
borrower costs maybe capitalised
Facility Fee : 2% plus facility (min
$1000.00)
legals est.$1500.00
valuation as required
Default Events :
interst not paid due date
loan period expired
borrower in default with 1st mortgagor security becomes
impaired.
Rollover by negotiation:facility fee applies.
* subject to agreement by discover & borrower
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| Need funds to buy or refinance your home or commercial building? Let Discover find the best deal for you from over 500 available loan options. Discover the Difference. |
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| Discover specialise in accessing credit for those with defaults, impaired credit and new entrants to the marketplace. |
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