Alphacon Bridge
The cost-efficient bridge for a clean file: strong security, a credible exit, no risk fee.
Indicative terms the same business day. No accreditation needed to submit.
From
8.50%
Our sharpest pricing
- Facility
- $100K - $5M
- Term
- 3 - 60 months
- Max LVR
- 75%
Reach for it
Cheapest money we write, for the file that earns it.
Bridge is where a straightforward deal belongs. Your client has real security, a credible exit and nothing on the file that needs explaining - so they should not be paying for risk that is not there. It carries no risk fee, which is the single biggest saving against everything else we write.
Interest can be serviced against an accountant's letter or prepaid from the advance, so serviceability is not the test. The exit is.
- The file is clean - credit above 600, nothing to explain
- A first mortgage over the security, unencumbered or being refinanced
- A dated, evidenced exit inside the term
- Your client would rather not pay a risk fee for risk they don't carry
Rate card
What your client pays
- Establishment fee
- From 1.65%
- Loan management fee
- $250 per month
- Risk fee
- Nil
- Property valuations
- From $250
No risk fee on this product - the biggest single saving available to a file that qualifies for it.
Full schedule across the panelWhat credit will and won’t do
- Facility
- $100,000 to $5,000,000
- Term
- 3 to 60 months
- Max LVR
- 75%
- Mortgage position
- First mortgage only
- Servicing
- Accountant's letter, or interest prepaid from the advance
- Credit
- Above 600 (exceptions considered)
- Risk fee
- None - this product carries no risk fee
- Early repayment
- 14 days' notice, no discharge fee
- Location
- Australia-wide
Indicative from 8.50% p.a. Every facility is subject to credit assessment, a panel valuation and satisfactory security.
Placing it
A few sentences gets you a position.
Send the scenario
Security and address, the number, the dates, the exit. Email it, call it in or send it through the form - a light touch either way, and no accreditation to clear first.
Credit reads it
Not a queue. An indicative position the same business day, and a straight answer on where it prices if it isn't here.
You keep the client
We deal with your client on this transaction only. No cross-sell, no retention calls, commission disclosed up front.
Ready to place one?
Send the security, the number, the dates and the exit. You will have an indicative position the same business day.
Questions
Alphacon Bridge, answered.
When does Bridge price better than Alphacon Fast?
Whenever the file is clean enough to carry it. Bridge has no risk fee, so on the same security and LVR it is the cheaper of the two. Send the scenario and we will tell you which one it prices on - we would rather move a deal to Bridge than write it at Alphacon Fast pricing.
What do you need on servicing?
An accountant's letter in our standard format, or nothing at all if interest is prepaid from the advance. No payslips, no two years of financials, no serviceability calculator.
Will you take a second mortgage?
Not on Bridge - it is a first-mortgage product. Where the first mortgage is worth preserving, the deal prices on Alphacon Second behind it.
My client's credit is under 600. Is that fatal?
Not automatically, but it is the line Bridge is drawn on. Tell us the story at submission; if it does not carry, we will price it on Alphacon Fast or Alphacon Reach rather than decline it.
What does your client pay to get out early?
Fourteen days' notice and no discharge fee. Worth saying to a client who expects to be penalised for repaying on time.
If not this
Your deal deserves a decision-maker.
Security, the number, the dates and the exit - that is the whole submission. A light touch to send it, no call centres, a straight answer the same day.