Our Loans
No Doc Loans
If the Borrower is a Company or Trust they can apply for a No Doc Loan for Commercial Purposes.
This type of loan is known as an asset lend because the lender is primarily relying on the value and sale ability of the security. You can use the funds from the loan for commercial property investment purposes, equity out for investment in shares or for business purposes including working capital, development finance, land banking, development sites and land subdivision.
| Applicant type | Companies, Trusts (If the purpose of the loan is regulated under the National Consumer Credit Protection Act (NCCP) then this loan is not available). |
| Location | Case by Case but Generally Capital City and Major Regional Population Areas. |
| Income: required proofs | Asset Lend – No proof of income required – Interest & Fees Capitalised up to maximum LVR |
| Loan amounts | $250,000 up to $100,000,000 |
| Purpose | Working Capital Business Use Land Subdivision Development Sites Land Banking Non Residents Foreign Investors (with FIRB approval) Completion Finance Equity out on Residual Stock for Developers |
| LVR | Residential > 75% LVR (including Capitalised interest and Fees) Commercial > 65% LVR (including Capitalised interest and Fees) Vacant Land > 55% LVR (including Capitalised interest and Fees) |
| Acceptable securities | Residential, Commercial Property and Vacant Land. |
| Credit related issues | Considered case by case |
| Variable, fixed or both | Fixed |
| P&I, I/O, or both | Interest Only |
| Loan Term | 1 – 3 years Asset Finance |
| Establishment Fee | TBA (depending on lender) |
| Brokers Fee | Yes |
| Lenders Legals | At Cost |
| Valuations | At Cost |
