Priority Commercial Mortgage

Application Summary & Checklist

Please fax together with completed application to 1800 352 922

Postal Address: GPO Box 4094 Sydney 2001 – Attention: Priority Commercial Mortgages

NAME OF BORROWER: / DATE:
INTRODUCER NAME: / INTRODUCER NO:
INTRODUCER COMPANY: / EMAIL ADDRESS:
BUSINESS DEVELOPMENT MANAGER:
CHECKLIST

All Applicants

Fully completed Loan Application Form
Applicants/ Guarantors Identification Form (Include copies of photographic identification)
0.25% Commitment Fee
Have you advised your client the 0.25% Commitment Fee becomes non-refundable upon issuance of the formal Letter of Offer?
Serviceability calculation print out (mandatory)
Company and Trust Appendix / All Applications (Continued)
Letter/statement from Real Estate Agent confirming proposed/existing rental income or lease agreement
Description of property eg: warehouse, office, factory
Statutory Declaration stating that funds being gifted are not repayable (if applicable)
Council Rates Notice for proposed security property
Business Purpose Declaration Form
PAYG Applications / Guarantors
Last 2 years full Personal Taxation Returns (mandatory)
Latest ATO Assessment Notice (if available) / Trusts
Last 2 years full Trustee Taxation Returns (mandatory)
Company and Trust Appendix
Self Employed Application
Last 2 years full Business/Company Taxation Returns and Financials (Notes inclusive)
Last 2 years full Personal Taxation Returns
Latest ATO Assessment Notice / Refinance Applications
Last 6 months statements of loans being refinanced
Last 6 months statements of trading account, (if interest from loan account is offset to trading account)
Signed Discharge Authority (fax & post original to ING DIRECT’s solicitor following formal approval)

Introducer’s acknowledgment that required supporting documentation is attached to the completed application

______Date: ______

Security Property Details (To be completed in Full)
(Please refer to PCM Credit Policy Section 24 “Specialised Security Property”)

Description:

Property (1)
Address
Description / Eg: Stata_titled factory unit, situated in a complex of 6 factories. Ground floor has warehouse storage with an office on the mezzanine level. The general locality comprises of small to large factories.
Property (2) (if applicable)
Address
Description

Site Area, Lettable Area (min 50m2):

Property (1) Eg: Ground floor warehouse: 300sqm. Mezzanine office: 50sqm
Property (2) (if applicable)
Lease Agreements / Tenancy Schedules:
Property (1) / Property (2) (if applicable)
Tenant: / Tenant:
Term: / Term:
Start Date: / Start Date:
Expiry Date: / Expiry Date:
Option Period: / Option Period:
Reviews: / Reviews:
Outgoings: / Outgoings:
Initial Annual Rent: / Initial Annual Rent:
Current Annual Rent: / Current Annual Rent:
Current/Permitted Use: / Current/Permitted Use:
Please ensure you include the following points in your notes covering the Borrower:- Industry (including risks, trends, payment terms), experience and if an existing ING DIRECT Customer

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ING DIRECT is a division of ING Bank (Australia) Limited | ABN 24 000 893 292