Smart Money Commercial Full Doc
Description
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‐andforget”
loans have no annual reviews and no security revaluations. Just a simple application
and a prompt evaluation.
Minimum Loan amount $100,000
Maximum Loan amount $3,000,000
Maximum LVR
• Up to 75% for loans up to $2,000,000
• Up to 70% for loans greater than $2,000,000 and up to $3,000,000
Borrower Type Individuals, Company or Trust
Loan Purpose
• Purchase
• Non‐structural renovations
• Refinance existing mortgage
• Debt consolidation
• Equity Release/Cash Out
Loan Term Up to 25‐year term
Lenders Mortgage Insurance N/A
Income Documentation
(PAYG)
Last 2 pay slips plus one of the following:
• Letter of employment
• Latest group certificate / PAYG Summary
• Tax assessment notice
• Individual tax returns
Income Documentation
(Self‐Employed)
• Last 2 years tax returns and financial statements
• Last 2 years tax assessment notices
- Release Date
- 2020/12/05