♦ Line of Credit
Flexible funding,
drawn when you need it
A revolving line of credit secured by property, draw down what you need, repay early with no penalty, and only pay for what you use.
- Short-term funding from $100K to $2M
- Secured by residential, commercial, rural or vacant land
- Approved drawdowns usually funded within 24 hours
Flexible, Revolving Finance
A facility that moves at your pace, not the bank's.
The line of credit gives you approved access to funds for up to two years, subject to annual review. Interest accrues daily on what’s drawn, you choose to capitalise it or pay it monthly and you can redraw within your limit as circumstances change, without reapplying each time.
Key Features
Built for how you actually draw funds
This facility is designed around flexibility.
Access what you need, when you need it.
Daily Interest, Monthly Choice
Interest accrues daily on the drawn balance. Capitalise it into the facility or pay it monthly, whichever suits your cash flow.
No Lock-In Period
There's no minimum interest period. Repay early, in full or in part, whenever it suits, with no penalty.
Capitalised Costs
Establishment costs and broker fees can be capitalised into the facility rather than paid upfront.
Fast Drawdowns
Once approved, drawdown requests are usually funded within 24 hours.
$10K Minimum Drawdown
Keeps administration simple while still keeping each drawdown sized to what's actually needed.
Terms Up To 2 Years
Facility terms run up to two years, subject to annual review and acceptable conduct.
Choose Your Position
First mortgage or second mortgage security
Pricing and LVR depend on where the facility sits behind existing debt. Here’s how the two compare.
♦ LOWER RATE
First Mortgage Facility
Security: First Registered Mortgage
9.95 – 11.95%* p.a.
Indicative interest rate range
| Maximum LVR | Up to 80%* |
| Establishment fee | 2.50% |
| Annual review fee | 0.95% |
| Line fee | 1.00% p.a. |
Second Mortgage Facility
Security: Second Registered Mortgage
12.95 – 17.95%* p.a.
Indicative interest rate range
| Maximum LVR | Up to 75%* |
| Establishment fee | 2.50% |
| Annual review fee | 0.95% |
| Line fee | 1.50% p.a. |
*Rate, LVR and terms offered depend on security, borrower profile, loan purpose, property type, exit strategy and overall transaction quality, and are subject to credit approval and lending policy.
How It Works
Approve once.
Draw as many times as you need.
01 — Approve
Facility approved
Approved up to your limit ($100K–$2M), for a term up to 2 years, subject to annual review.
02 — Draw
Draw down funds
Draw a minimum of $10K at a time, as and when it's needed. No drawdown fee currently applies.
03 — Repay
Repay any time
No minimum interest period, repay early, in part or in full, without penalty.
04 — Review
Annual review
Renewed subject to acceptable conduct. Where fully drawn, monthly servicing payments apply.
Suitable Security
What we lend against
- Residential
- Commercial
- Vacant Land
- Rural
Subject to credit approval, valuation and security suitability. Security, borrower profile, loan purpose, property type and exit strategy will be assessed.
Why Rhodes Finance
Faster approvals, reliable funding.
Our depth of experience across financial services, lending, venture capital and funds management lets us move beyond textbook credit analysis.
Client-First Outcomes
We focus on getting the right result for you, not just writing a facility.
Fast
Our process is honed to assess and settle facilities as swiftly as possible.
Experienced
A team spanning financial services, lending, venture capital and funds management.
Problem-Solving Mindset
Tell us your scenario and we’ll structure a facility that works for it.
Got Questions?
Frequently Asked Questions
What can I use as security?
Residential, commercial, rural or vacant land property may be accepted, subject to valuation and credit assessment.
Is there a fee to draw down funds?
What happens if I draw close to my limit?
Do I have to make monthly repayments?
How long does the facility run for?
What upfront costs are there?
A $2,500 deposit is required upfront toward valuation and legal costs. This can be drawn back from an approved facility. Other establishment costs, including broker fees, can be capitalised.
REach Out
Need flexible, ongoing access to funds?
Tell us about the security and facility size you’re considering and we’ll come back with an indicative structure.
Phone
1300 425 594
enquiries@rhodesfs.com.au
Address
'The Hub' Suite 1, 2 Loraine Street, Capalaba QLD 4157