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:
North Sydney Property $19m,
Pizza Shop in Wentworth Falls, $450K,
Residential Investment Property in Fitzroy VIC $950k,
Small block of units Brisbane, $1,2m,
Supermarket in Sunshine Vic, $4m.
Loan sizes are a minimum of $100,000.00 to maximum of $100,000,000.00. We are currently working with an investor for the purchase a Shopping Centre in NSW, a refinance of a retail outlet in Tasmania and a purchase of a new Church building in the Parramatta area.
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% 0.55% Establishment Fee
Lease Doc Loans from 4.54% 0.55% Establishment Fee
Fast Doc loans from 6.80% 1.10% Establishment Fee
Rates are subject to change without notice. Please call or email for up to date rates.
FULL DOC LOAN
For loan requirements open link. Commercial Full Doc Matrix
LEASE DOC LOAN
For loan requirements open link. Commercial Lease Doc Matrix
FAST DOC LOAN
For loan requirements open link. Commercial Fast Doc Matrix
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 3 years or more. Servicing does carry an interest rate loading for shorter term loans.
Loan term to a maximum of 27 years (7 year Interest Only followed by 20 Years Principle and Interest.
NO ongoing Fees and Charges.