Commercial Loans

 

 

Refinanced in North Sydney

Mortgage Managed Commercial Property Loans:

These are facilities with a Non-Bank entity which is owned by one of the Second Tier Banks. This company commenced operations in the 1800s and is just a little younger than Westpac making it the second oldest finance entity in Australia.

 

Loans we have recently written:

Supermarket in Sunshine Vic, $4m.

Mixed commercial / residential in Brisbane $1.2m

Heritage listed building in Maitland $1.124M

Coffee Shop premises in Melbourne $1.5m

Strip shops in Footscray  VIC  $2.15m.

Loan sizes are a minimum of $100,000.00 to maximum of $100,000,000.00.

We do not ask for securities to be revalued nor do we require updated financials whilst loans are maintained in good order. This for all commercial loans.

We offer 3 distinct loan types;

  • Full Doc Loans                    from     4.54%     0.50% Establishment Fee

  • Lease Doc Loans                from     4.54%     0.50% Establishment Fee

  • add 0.10% for Interest Only facilities

  • Self Certified loans            from     6.75%  –  1.00% Establishment Fee  – 1% Security Fee

Rates are subject to change without notice. Please call or email for up to date rates. Rates applicable as at 7th March 2018.

Please note that the original signed application, privacy form and Letter of Offer need to be returned to us prior to settlement.

 

The differences when comparing with the main bank offerings are:

  • NO revaluations for the life of the loan

  • NO updated financials required (unless specified in the Letter of Offer)

  • Servicing is 1:1 for Principle and Interest Loans and 1.20:1 for an Interest Only Loan with rates fixed for 2 years or more. Servicing does carry an interest rate loading for shorter Variable Rate loan terms.

  • Loan term to a maximum of 15 years (Full Doc) and 20 years Lease Doc (up to 7 year Interest Only period).

  • NO ongoing Fees and Charges.

IMPAIRED CREDIT COMMERCIAL LOANS

We also have loans for those who wish to buy commercial property who do not have immaculate credit history. This is up to 70% LVR at the current time and the rate is higher than our other products