Before a loan is made available for investment, AltX assesses criteria to determine the quality of the underlying borrower and security. This includes but is not limited to the following criteria.

Business Purpose

All loans must be to registered Australian companies.  Applications by individuals are considered if the use of funds is predominantly (i.e. >50%) for business purposes.

Risk and Security

Each transaction must be supported by a real estate asset. We review the quality, value and liquidity of the property or properties that are being used as security.  The borrower’s background and financial history are also assessed to determine a 360 degree view of the applicant.

Repayment

The borrower must be able to demonstrate how they will repay the loan and service the monthly interest payments required under the lending agreement.