Frequently asked questions

Your client needs to own real property. We can provide 1st or 2nd mortgages up to a maximum LVR of 70%.

Yes, as long as the security provided meets the equity coverage requirements.

Your client needs to prove their identity and confirm the use of funds, satisfy the Lender of the value of the security assets and prove the exit for bridging loans or capacity to serve for term loans.

Yes, provided the loan does not exceed the maximum LVR for the loan.

The minimum term for a bridging finance loan is 1 month.

This very much depends on the method of repayment (particularly for a bridging loan). The maximum term for a serviced term loan is 36 months with annual reviews.

Semper request a small commitment fee to begin our due diligence. This fee will later be offset from the establishment fees should the loan progress.

If the loan payment method is prepaid simple interest, there is generally no financial benefit to repaying early.

However, if the loan is interest paid monthly, your client will not suffer any financial penalty by repaying early (after the documented minimum loan term).

The minimum loan term will be documented in the letter of offer.

Inaccuracy of information or failing to provide the necessary documentation are the most frequent causes of delay in settlement. 

Security properties will generally require a third-party valuation which may take time to prepare. 

Second mortgages will require confirmation of first mortgagee priority.

Semper usually requires a valuation to accurately determine the value of the security asset.

Bridging finance is provided for a known period and repaid from a verifiable source of funds.

We only approve loans that meet our lending criteria. It usually takes Semper 3 days from receipt of valuation report to consider your loan application and confirm whether we can approve your loan and instruct our lawyers to prepare loan and security documents.

However, timelines will depend on the complexity of the transaction and whether you provide us with all required information in an accurate and timely manner.

Brokers are generally paid a commission of 1-2%, paid at drawdown.

Semper is renowned for providing best-in-market rates. The fees charged vary depending on the type of loan and the work required, and will always be set out concisely in the letter of offer. See our Product Page for more information.