Applying for a loan to invest in commercial property and residential complexes is easier under Lease Doc.
We’ll look at rental income and the tenant to assess applications, making it simpler to submit an application.
Total business lending up to $5m Maximum loan limit
Borrower must be non-trading entity with structure either being a company or company as a trustee for a trust Borrowing structure
- The lesser of 5 years or lease expiry (including lease options to renew)
- The lesser of 5 years or lease expiry (excluding lease options to renew)
- Maximum interest only period Aligned to lease expiry (excluding lease options) Aligned to lease expiry (including lease options)
Loan term: Variable and fixed interest rate Business Loans Product Refinance or purchase of a commercial investment property which can include cash out for business purposes
Loan purpose
• Non-specialised commercial properties (up to 65%)
• Specialised commercial properties (up to 50%)
• Predominately commercial mixed-use properties (up to 65%)
• Predominately residential mixed-use properties (up to 65%)
• Strata complex (up to 80%)
• Property must be tenanted with an arms-length lease
Minimum Requirements
- Property type & LVR Clear credit bureau report Credit history
- All tax liabilities up to date
- Directors’ guarantees
- First registered mortgage over property offered as security
- General Security Agreement
- Other supporting security as needed