Lease Doc / Self-Servicing

Who is this for?
Uncoded Loans – Business Purposes – Non NCCP Loans

LVR:
Up to 75% LVR or $25M

Rates From:7%p.a.

Zoning:
Commercial and Industrial Income Producing

Borrowing Entities:
Companies and Trusts and Individuals

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

Purpose:
Purchase / Refinance / Consolidation / Cash Out
Business or Investment

Servicing Requirements:
Full copy of lease agreement using the income from a third-party lease. The term offered considers lease, options and tenant history

Clawbacks:
Not Applicable as no trailer income is paid

Credit Impairments:
On a case-by-case basis

Lenders Settlement:
1-1.25% from settlement

Lenders 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:
Standard Commercial From $1 per $1000 in value with no travel

Legal Fees Std Fees From
$695 with no existing mortgage