Refinance/Debt Consolidation (First or Second Mortgage)
Need to refinance or consolidate existing business loan(s)? If the below criteria suits your scenario then we can help.
- Must be an existing genuine business loan
- Up to 70% of the ‘as is’ value
- First Mortgages up to $10M and Second Mortgages Up to $2M Loan Amounts
- No serviceability required, interest is prepaid up to 12 Months + extensions
- Rates are LVR and Postcode dependent
- First Mortgages from 8.95% to 12.95% per annum
- Second Mortgages from 14.95% to 19.95% per annum
- Settlement within 5 days of receipt of all outstanding information
- Pricing for major metro areas provided, all other postcodes considered on application
- Non-Coded Loans only
Non-Coded Loans are loans that are applied wholly or predominately for business or investment (other than residential investment) purposes.
If the Borrower is an established Australian company, then the loan is deemed to be Non-Coded.