Loan Program Japan
| Rate | Starting at 2.5% p.a. variable |
| Term | 35 years max |
| Max LTV | Typically 50 - 70% LTV |
| Max loan amount | Above JPY 2 billion |
| Second home allowed | Yes. Investment property preferred. |
| Borrower type | Salaried and self-employed |
| Loan costs | 3% facility fee paid to GMG's Japan partner. Lender fee 2% may apply. USD 5 - 8k to establish local entity, |
| Annual fee | USD $5 - 8k to maintain local corporate entity. |
| Lender fees | Variable, typically incorporated in broker fees |
| Broker fees | 3.5% |
| Processing time | 3 months, including setup of local entity and opening bank account. A minority of lenders require clients to be onshore to sign documents. |
| Requirements | DTI No fixed ratio. Client to submit required documents for lenders to assess. |
| Key selling points | Highlights: Save time and effort. GMG's partner in Japan is a one-stop-shop to coordinate financing and local entity setup. They also have local property stock. GMG's partner is English speaking and based in Tokyo. |
| Note | Non-recourse loan. Local entity setup required. For residential and commercial property (commercial RE needs to be > JPY 1 billion ~ USD 10 million ). Terms are highly location specific, financing mostly available for major metropolitan areas only. Client needs to have identified the asset before GMG can start the research process. |
| GMG contact | leonard.lee@gmg.asia |