With only an estimated 35–40 per cent of commercial loans introduced by brokers, the growth opportunity to diversify is huge. Will you be one of the brokers that benefits from the 60%?
Security property in Port Melbourne, VIC
$4,000,000 | 45% LVR | 25 years P&I
The borrower is a self-employed sole trader, operating a construction supplies business.
The purpose of the loan was to refinance and provide equity release – used to purchase new materials for the business.
Even though the borrower has only been self employed for 12 months, we were still able to proceed given our flexible policy for those newly self employed (ABNs 3+ months permitted).
Our Mid Doc option allowed us to verify serviceability without delaying the purchase.
Security property in Port Macquarie, NSW
$1,200,000 | 75% LVR | 30 years P&I
The borrowers were a married couple, existing SMSF customers. One is PAYG, the other a self employed sole director and shareholder of a well established franchise that provides automobile services and supplies.
The borrower was renting the premises they sought to purchase. This property was within the same complex as their other existing SMSF loan.
Despite the properties being located in the same complex, we were able to adopt individual values to calculate the LVR, and so didn't require an in one line valuation.
