Full Doc Commercial Loan Facilities


Who is this for?

Uncoded Loans – Business Purposes – Non NCCP Loans

LVR:
Up to 80% LVR

Terms:
Up to 30 year loan terms for Investment and Owner Occupied

Rates From:
3.75% to 4.95%

Zoning:
Commercial and Industrial Zoned Security Properties

Geographical Limitations to:
The Eastern Seaboard of Australia

Borrowing Entities:
Individuals, Companies and Trusts

Qualifying Rate Stress:
1.5 times qualification rate at 2% stress

Purpose:
Purchase / Refinance / Consolidation / Equity Takeout
Business or Investment

Servicing Requirements:
Last 2 years Personal and Business Financial Statements, Tax Returns and Assessment Notices
6 months business and personal bank statements & 6 months statements for any other credit facilities

Clawbacks:
Not Applicable as no trailer income is paid

Credit Impairments:
On a case-by-case basis

Lenders Settlement:
1.1% from settlement

Union Fidelity:

1.1% from settlement. 0.1% of loan amount Processing Fee. (min $990)

Introducing Broker:
1.1% from settlement

Valuations:
Valuations will be undertaken on the basis of land + fixed non-specialised buildings excluding chattels, crops, irrigation, water allocation.
All valuations will be undertaken on the basis that the property is readily salable within a 6 month period.

Unacceptable Securities
Rural Vacant Land, Land Banks, Construction, Petrol Stations and Service Centres, Contaminated Sites, Schools, Places of Worship or Religious Connotations, Childcare Centres, Hotels, Marinas, Nursing Homes, Boarding Houses, Clubs, Subdivisions

Legal Fees
Std Fees From $695 with no existing mortgage