Low Doc Commercial Loans are available up to 80% of the purchase price.
- Fast Approvals, and
- Less Paperwork
Low Doc Commercial Loans 80% LVR (with latest BAS only). This commercial loan can normally be approved very quickly, as the documentation is so light.
Low Doc Commercial Loans 75% (with bank trading statements)
Other types of commercial loans:-
No Doc Commercial Loans
These No Doc Loans don’t require an accountants letter and are usually done up to 65%. They are not quite as cheap as the low doc commercial loans.
No Doc Commercial Loans 40 Vacant land in Company name
No Doc 60
No Doc 65 Sydney Metropolitan area
Full Doc Commercial Loans
Up to 80% for very strong applicants. In some cases it may also be possible to fund the gst component for a short term if this is also needed to purchase the property. Gst on a purchase of a commercial property can be a cash flow issue, so generally the gst may be funded for up to three months until the next BAS statement.
Non Resident Low Doc Commercial Loans are now also available where overseas income may be used.
We specialise in low doc commercial loans.
Why are low Doc Commercial loans popular?
After writing many low doc commercial loans, one of the main reasons borrowers select this type of loan is because they are normally very easy and extremely fast. As there is less paperwork, it also means the lenders assessing these deals can also approve them quicker.
Very few low doc commercial loan customers have bad credit. In fact quite the opposite. Low Doc Commercial loan customers often have numerous commercial entities, numerous commercial properties and are wealth creators.
Income is usually verified through one or two BAS returns for the trading company, or an accountants letter. Very simple and very fast.
They also understand that down the track when time permits these low doc commercial loans may convert to full doc commercial loans at a lower interest rate once they have done their paperwork. This is usually done at little or no cost.
Call us now to find out more.