Client terms

Who we are and what we do

Olivaeus Advisory is a business purpose private lending facilitator. We’re not a lender, a credit provider or a financial adviser. With your permission, we prepare your deal, present it to private funders and help you compare the terms they offer. Every loan depends on the funder’s own assessment and approval, so we can’t guarantee approval, terms or timing.

Business purpose loans only

We only arrange loans that are wholly or predominantly for business or investment purposes. Before we start, you sign a business purpose declaration. We don’t arrange consumer credit, which includes loans for personal, domestic or household purposes.

Our fees, all amounts include GST

• Application fee: $440. Invoiced with your mandate and application pack, for preparing your full application before it goes to funders.
• Mandate fee: $4,400. Paid when we present term sheets from funders and you choose to proceed. We deduct it from the facilitator fee at settlement, so you never pay twice.
• Facilitator fee: 1.1% of the loan amount, with a $10,000 minimum. Paid at settlement, usually from the loan funds with your written authority.

If your deal doesn’t go ahead

• If a funder pulls out, we work to find you another funder.
• If we can’t, and your loan doesn’t settle because of the funder, we refund half the mandate fee: $2,200.
• If you decide not to go ahead after paying the mandate fee, or the deal falls through because information wasn’t disclosed or documents weren’t provided, the mandate fee isn’t refunded.
• If you stop before choosing a term sheet, no mandate fee is charged.
• The facilitator fee is only payable if your loan settles.

[APPLICATION FEE REFUND: confirm. Proposed wording: the application fee isn’t refundable once we start work on your application.]

What we ask of you

Give us true and complete information, tell us straight away if anything changes, provide the documents funders ask for, and show us how the loan will be repaid, with evidence for your exit strategy.

Funders we introduce

If you deal directly with, or settle a loan with, a funder we introduced within [12] months of the introduction, our facilitator fee still applies. [DIRECT DEALING CLAUSE: confirm]

Other costs

The funder’s interest, fees, valuation and legal costs are separate from our fees, and you pay them as set out in the funder’s offer. We’ll show you each one in writing before you commit.

[FUNDER PAYMENTS DISCLOSURE: state whether you receive any payment from funders, and if so how it is handled.]

Your information

We handle your information in line with our privacy policy, and we only share your deal with funders once you’ve agreed.

Full terms

Full terms provided with your mandate. Please read them carefully, and get your own legal, accounting and financial advice before you sign.