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No Doc Residential Investment Loans

This loan is a pure asset-lend, no documentation loan. It must be unregulated i.e. business or investment purposes only and suits those borrowers who do not wish to provide any details regarding income - Income must be self-certified.

When assessing a "Private Mortgage" application funders primarily look at the underlying  property in most cases. If there is sufficient equity in the security they will lend against the asset rather then the character of the borrower or the credit risk the borrower may pose.


Note: Residential owner occupied securities are not accepted for No Doc Loans

The loan purpose must be predominantly (more than 50%) for business or Investment purposes.

  • Property or Business Acquisitions
  • Purchase shares or other income producing investments
  • Refinance of Business / Investment Debt
  • Business Working capital or expansion
  • Taxation Payments
  • Development Finance Take Out
  • Development Land Bank
  • Release equity in investment property (provided funds are not for a domestic purpose e.g renovations of investment property)
Applicant type

Investors, Companies or Trusts

Location

Case by Case - Generally 20,000 + Population

Income requirements

  • No Declaration - True Asset Lend
  • No Accountants Letter
  • No ABN requirements

Loan amounts

From $100,000 > 2 million

Purpose

Purchase, Cash Out or Refinance of Residential Zoned Property including vacant land

LVR

Up to 80% LVR

Coded, non-coded, or either

Non coded only - No Owner Occupied

Credit related issues

Considered at higher rates

Variable, fixed or both

Both

P&I, I/O, or both

Both 

Loan Term

1 - 5 years  > 80% LVR, (NSW , Vic & QLD Metro & major regional population over 20,000)

Application Fee

1% of Loan Amount ($1,000 paid on approval rest payed at settlement)

Risk Fee

1% Payable at settlement

Lenders Legals

At Cost payed at settlement

Valuations At Cost payable before settlement

Broker Fee

1% Payable at settlement

Fill out our online application now to find out how we can help you with Low Doc Commercial Loan

 

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