FAQs

Anyone can apply to invest, including individuals, companies, trusts, and Self-Managed Super Funds (SMSFs).
A first mortgage is the first registered encumbrance on title. A first mortgage has priority in repayment over all subsequent registrations on title.
The security property can be residential, commercial, industrial, or vacant land in Melbourne and its surrounding suburbs. The borrower can also provide multiple security properties as collateral security for one loan.
Borrowers must demonstrate the ability to service the loan (i.e., meet all interest payments) and show the ability to obtain a refinance upon conclusion of the loan term. Borrowers can be companies or trusts and must use the loan funds for business and investment purposes.
Borrowers can repay their loans in many different ways. Most refinance their loan with another institution (e.g., bank). Others may sell the property or use proceeds from another sale to repay the loan.
Rhode Capital does not charge any fees to the investor. The fees are payable by the borrower.
All of our loans are registered mortgages over the security property. We will work closely with the investors and our partner solicitors to provide excellent service in calling up the loan. We typically lend to a maximum of 66% LVR for a first mortgage loan, which allows the remaining equity to be applied to costs relating to the default and any default interest that may be payable.

Loan terms are generally between 6 to 12 months. Some loans may have an option to extend the loan subject to approval by the lenders and the borrower's due compliance with the terms of the loan
Residential, commercial, industrial, and vacant land in Melbourne and its surrounding suburbs. If you have a property outside the above-specified area, please contact our office to discuss a personalised solution.
If you wish to obtain further details about our finance solutions, please contact us to discuss your particular requirements.
A borrower can be a company acting independently or on behalf of a trust, and the loan must be used for business and investment purposes. A borrower must be an Australian citizen or a permanent resident of Australia. The borrower must demonstrate an ability to service the interest under the loan and have an exit strategy.