Commercial or Industrial Property Loans in Full Doc, Low Doc & No Doc
Securing commercial finance requires the expertise of a specialist team. Our consultants are able to package your loan application and present it to the most appropriate lender.
Commercial lenders will evaluate your application based on a number of criteria and we are able to assist you in guiding you through this sometimes complicated process.
|Applicant type||Individuals, Companies (private and public) Trusts, Partnerships|
|Location||Case by Case but Generally Capital City and Major Regional Population Areas.|
|Income: required proofs||Full Doc:Last 2 years of lodged Financial including P&L & Balance Sheet + Personal returns if applicableLow Doc:
Low Doc – Either / Accountants Declaration or 6 months of BAS or 6 months of Business Bank Statements
Lease doc – Arms length lease to cover repayments less costs
|Loan amounts||From $100,000|
|Purpose||Property purchases, Refinancing of existing loan, Equity release for property improvement, investment, working capital and business expansion|
|LVR||Full Doc Loans up to 80% LVR.
Low Doc Commercial Loans up to 75% LVR.
No Doc & Lease Doc Loans up to 65% LVR.
|Acceptable securities||Strata offices and office blocks Industrial units, factories and warehouses Retail premises, including mixed use Professional rooms and suites|
|Credit related issues||Considered to 75% on Full Doc and > 70% LVR on Low doc|
|Variable, fixed or both||Both|
|P&I, I/O, or both||Both|
|Loan Term||1 – 25 years|
|Establishment Fee||TBA (depending on lender)|
|Commitment Fee||Between $500 > $1,000 Payable on Conditional Approval|
|Lenders Legals||At Cost|