No Documentary Proof of Income
– Commercial Loans
Who is this for?
Uncoded Loans – Business Purposes – Non NCCP Loans
LVR:
Up to 80% LVR
Rates From:10% p.a.
Zoning:
Commercial and Industrial and Residential
Borrowing Entities:
Companies and Trusts
Purpose:
Purchase / Refinance / Consolidation / Equity Takeout
Business or Investment
Servicing Requirements:
Latest Loan Statement (if refinancing)
Clawbacks:
Not Applicable as no trailer income is paid
Credit Impairments:
On a case-by-case basis
Lenders Settlement:
1-1.25% from settlement
Application Fees:
$795
Union Fidelity:
1.1% from settlement.
0.1% of loan amount Processing Fee. (min $990)
Introducing Broker:
1.1% from settlement
Valuations:
Std Commercial From $1 per $1000 in value with no travel
Legal Fees
Std Fees From $650 with no existing mortgage