Mezzanine / 2nd Mortgage
Lender Exposures on Mezzanine and Second Mortgage loans are calculated differently with various Lender Interest Margins added to the quoted
SWAP Rates; however, generally and indicative
ly the interest rates are:
|
Lender Exposure
|
Variable Rate |
|
Up to 65% LVR
|
12.00% pa |
|
65% - 70% LVR
|
15.00% pa |
|
70% - 75% LVR
|
18.00% pa |
|
75% - 80% LVR
|
25.00% pa |
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