Commercial Low Doc Loans.
Facility Name
Long Term Commercial Loan
Purpose
For Business, Investment or Commercial use ONLY.
Individual Loan Size
Minimum $40,000. Vacant Land Max. $350,000
Interest Rate
Variable Term : Maximum twenty (20) years Principal & Interest Interest Only up to five (5) years.
Eligible Security
A registered mortgage. The property must be zoned residential or commercial, the property must be located in NSW, Victoria, Queensland, WA, ACT, or Tasmania and in a Metropolitan or Major Regional Centre with population in excess of 20,000.
Loan to Valuation Ratio
75% LVR maximum
Loan Approval
No Mortgage Insurance.
CRAA up to $500 if unpaid and $5,000, if paid 6 months history on loans to be refinanced.
NO BORROWER ABN REQUIRED
NO SPECIALISED SECURITIES |
"Self Certified"
Commercial Mortgage Loans.
Absolutely no income figures included in self certification - a true No Doc Loan.
No required income or accounts confirmation. Must have a history of making loan payments on time - and not just most of the time!
Great Interest Rates
See Interest Rates. With no half yearly administration fee. Our variable interest rates usually move in parallel with changes in official interest rates.
Great Features
20 year term as maximum (with an optional interest only period to 5 years to 5 + 15 years).
Location: cities and regional centres with a popultaion greater than 20,000.
For mainstream properties with a good resale value.
No monthly/annual account keeping fees, no big hurdles of major scheduled external loan reviews/rollovers, no company charges
Easy Info
Main application details required are borrower / guarantor details, statement of assets and liabilities, property / purchase details. Low application fee. |
Commercial Property
"Owner Occupied " Mortgages
Full disclosure up to 75% LVR on varied security types.
Mixed loan combinations including line of credit, fixed and variable products.
Standard debt servicing.
Minimal conditions.
Low Doc Commercial loans
to $5,000,000 or 75% LVR.
Lo Doc loans will require evidence of financial capacity such as a letter from the Borrower’s accountant in the format acceptable
to . ABN must also be valid for at least 18 months.
Loans are available to both individuals and corporate
entities – registered Australian companies, partnerships or
trustee companies acting for a family, discretionary or unit
trust.
Loans may be for investment or owner-occupied purposes.
Loans must be supported by a letter from the borrowers
accountant in a acceptable format.
clear CRAA
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