How We Lend
Each loan we fund is typically secured by a first ranking mortgage against quality property assets with a recent valuation.
Detailed due diligence in relation to the experience, financial position and reputation of the borrower and sponsor
A clear and achievable ‘exit strategy’, typically including at least two or three alternative exits
Australian capital cities as well as in regional areas within 100 kilometres of capital cities. No exposure in Northern Territory or Western Australia
Secured property values generally in the $10 million to $100 million range, where buyer and refinance liquidity is relatively deep
Non-specialised property assets including land with residential use, completed apartments, generic commercial property and construction loans.
We understand that every property transaction is different
We are committed to building
lasting relationships and providing tailored solutions
which turn our partners’ visions into reality.
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Risk based interest rates via the credit assessment score
We don’t believe in one size fits all and we don’t believe in all borrowers paying the same rate. Because of this, interest rates differ from borrower to borrower, and loan to loan. We consider the competence, experience and reputation of the borrower, and the underlying sponsor, just as carefully as we do the value of the primary security asset.
The Zagga Credit Assessment Score (CAS) is an alpha + numeric risk-based assessment score assigned to borrowers based on the loan specifics and the information they have provided.
The alpha part of the CAS considers the borrower’s credit history and their expected ability to service the proposed loan.
Lowest risk. Default is considered remote
Low risk. Default is considered highly unlikely
Moderate risk. Default is considered unlikely
Acceptable risk. Default is not anticipated
Possibility of default. Risk features merit close attention and scrutiny
High risk of default in the event of changes in the economic and/or business environment
The numeric part of the CAS considers the loan to security value ratio (LVR).
LVR under 20%
LVR 20% to 34%
LVR 35% to 59%
LVR 60% to 74%
LVR 75% or greater
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