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Commercial Full & Light Doc

hearst building1

Overview
• All Capital Cities and regional areas > 5,000 Population
• Loans greater than 80% LVR to have > 20,000 Population

Target
• Full Doc Individuals (PAYG or self-employed), Investors, Companies, Partnerships or Trusts with Clear Credit History.

Loan Purpose
Loans considered for refinance and purchase of commercial ,residential investment business free holds and industrials being non Regulated by the UCCC

Loan Features
25 years fully amortizing P&I or 5 years interest only, auto converting to 15 years P & I

Loan Products
Securitize facility or private funding pending on application

Minimum Loan Size

$100,000 per security property (Subject to the loan scenario and to the LVR)

Maximum Loan size

Up to $50,000,000

Loan to Value Ratio

• 80.00% Lite Doc Exclusive of GST & lesser of purchase price or valuation
• 85.00% Full Doc Exclusive of GST & lesser of purchase price or valuation

Minimum Loan Terms

• Variable or fixed for 12 months.

Maximum Loan Terms

•  25 years fully amortizing P&I
• 5 years interest only, auto converting to 15 years P & I

Loan Repayment Frequency

• Monthly for Full & Light  Doc

Security Type

• Commercial Buildings                             • Day Care Centres
• Strata Offices                                           • Retail Premises
• Factory Premises                                      • Residential & investment
• Hotels/Pubs-Freehold Only                       • Serviced Apartments and Strip Mall
• Industrial Warehouses                               • Other securities on a case by case

Redraw Available

Yes after completion of construction for Full and Lite Doc on variable rate only

Split Loan Available

Yes after completion of construction for Full and Lite Doc up to 4 splits

Dynamic Repayment

Yes after completion of construction for Full and Llite Doc

Additional Repayment

Principal reductions accepted no minimum via BPay

Loan statements

Issued Half Yearly (But you can ask us when required we will mail them to you charges apply).

Documentation Required

Subject to the loan purpose, please call 1300 790 909 for more details

Financial Information

Min of 1.5times (excludes living expenses and interest rate based on actual rate).  Capacity calculator supplied.

Qualifying Interest Rate

Please call our consultant on 1300 790 909 for more details

Other Conditions

A. Min of 1.5times (excludes living expenses and interest rate based on actual rate).  Capacity calculator supplied.
B. Prime Borrowers must demonstrate serviceability with up to date detailed financial statements covering last 24 months
C. Light  Doc must be self employed or an Investor , has an ABN number and  registered for GST and in business for the past 2 years for (Lite doc Loans)


Address

FIRM FINANCE PTY LTD.

Level 2 / 124 Exhibition Street
Melbourne VIC 3000
 
Phone: +613 9654 9090
Fax: +613 9654 9098
Mobile: +61 418 553 009

Licence No 390620