Types of Security
Platinum lends on a first mortgage basis, against commercial and residential property.
The types of securities Platinum lends against includes:
- Commercial income producing property;
- Residential development;
- Commercial development; and
- Aged care.
Maximum loan to value ratios set by the Manager are outlined below:
| Property Type |
Capital Cities |
Regional Centers |
Regional Areas |
| Residential – Luxury |
70% |
70% |
60% |
| Residential Investment |
70% |
70% |
60% |
| Commercial |
70% |
70% |
60% |
| Land – Residential |
60% |
60% |
N/A |
| Land – Commercial |
65% |
60% |
N/A |
| Construction – Residential |
67% |
60% |
N/A |
| Construction – Commercial |
67% |
60% |
N/A |
The The lending manual does not restrict the location of the secured property but the loan portfolio does have a Victorian bias. Details of the secured property will be disclosed in the relevant SPDS.
Examples of the types of securities we work with are outlined in the following pages