Beyond the Banks Commercial Loans    

                                              

Loan Characteristics - Lease Doc

No annual reviews or annual valuations for the term of the loan.

20 year terms available with 5 years interest only.

Our lease doc commercial loans are specifically designed for people buying commercial investment properties. We do not require full evidence of the income or confirmation of other assets or other liabilities, instead we rely on a quality third party lease to service the debt and the strength of the tenant to secure the loan.

Satisfactory lease agreement for proposed security property in a registrable format.

Lease must:

• have at least 24 months remaining

• be at “arm’s length”, that is, not to your own company

• be fully executed and a bond paid before settlement of the loan (draft can be provided prior to instructing solicitors)

 

No payslips, tax returns, bank statements, BAS or financial statements are required.

1st registered mortgage over commercial, industrial or retail properties in Australian cities and major regional centres. No vacant land or properties under construction will be acceptable.

Please refer to our Security Location Guide or more information.

The interest cover ratio is the number of times that the lease income will cover the loan repayments. It is assessed at actual rate and gross lease income.

Loan Characteristics - Full Doc

No annual reviews or annual valuations for the term of the loan.

20 year terms available with 5 years interest only.

Our full doc commercial loans are suitable for a wide range of borrowers and can be used to purchase or refinance commercial, industrial, retail or residential property. These “set-and- forget” loans have no annual reviews and no security revaluations. Just a simple application and a prompt evaluation.

    

BTB Money

1300 633 616

BTB Wealth Pty Ltd trading as BTB Money - Level 5, 211 Maroondah Hwy, Ringwood, Victoria 3134. Australian Credit License 387381

©2016 by BTB Money