Commercial Line of Credit in Full Doc & Low 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||All types – value of property $250,000 +|
|Location||Population above 20,000 for Full Doc & Lite Doc 50,000 + for Quick Doc|
|Income: required proofs||Full Doc – 2 years tax returns financial statements
Lite Doc – Income Self declaration + Accountants Letter
Quick Doc – Income Self Declaration
|Loan amounts||From $200,000 > $500,000|
|Purpose||Commercial Property, Industrial, Office, Retail|
|LVR||Full Doc Loans up to 75% LVR.
Low Doc Loans up to 70% LVR.
No Doc Loans up to 65% LVR.
NSW / ACT / VIC other states lower LVR’s.
|Coded, non-coded, or either||Non coded|
|Credit related issues||Clean Credit & Repayment History|
|Variable, fixed or both||Both|
|Withdrawals||4 per month free then $250 each.
By email fax or Phone (same day EFT).
|Loan Term||Up to 5 years I/O line of credit reverts to P&I to total 25 years.|
|Application Fee||1.65% of Loan Amount|
|Line Fee||0.30% p.a|
|Lenders Legals||At Cost|