NON RECOURSE LARGE COMMERCIAL LOANS
Non Recourse loans may be available in certain circumstances.
A non-recourse loan is a secured loan over the property and the borrower is not personally liable.
It is typically on a large commercial property and as a guide it normally limited to approx. 50% of the property value.
Minimum loan size is usually above $5m
Security to be large office building or warehouse.
This security is usually stand alone and is for an asset that falls outside a banks aggregation policy.
Indicative guide to pricing is BBSY plus a margin.
NON RECOURSE SMALLER COMMERCIAL PROPERTY LOANS
Secured on commercial property
Full document commercial loan to $3m
Principal and Interest
Indicative rate of 5.9%
Cheap, Fast and Simple.
NON RECOURSE SHORT TERM LOANS (for deposits)
Ideal for fast commercial property deposits when buying a commercial property.
Must be for commercial purposes.
Security is first or second mortgage on real estate. Also available using cars, boats, planes or anything of value that lender can register an interest over.
- NO Application Fee
- NO Accountants Letter
- NO Tax Returns
- NO Valuation Fee
- Must have a clear exit strategy.
- Extremely Fast
Approvals within hours.
Funding within days.