Smart Money Commercial Lease Doc
Description
Our lease doc commercial loans are specifically designed for people buying commercial
investment properties. We do not require full evidence of the income or confirmation of other
assets or other liabilities, instead we rely on a quality third party lease to service the debt and
the strength of the tenant to secure the loan.
Minimum Loan amount $100,000
Maximum Loan amount $2,000,000
Maximum LVR 70%
Borrower Type Individuals, Company or Trust
Loan Purpose Investment purposes:
• Purchase
• Refinance
• Controlled equity release
• Cash Out (up to 25% of the total loan amount)
Loan Term Up to 25‐year term
Income Documentation
(PAYG & Self‐Employed)
Satisfactory lease agreement for proposed security property in a registrable format
Lease must:
• have at least 24 months remaining
• be at “arm’s length”, that is, not to your own company
• be fully executed and a bond paid before settlement of the loan (draft can be provided
prior to instructing solicitors)
No payslips, tax returns, bank statements, BAS or financial statements are required.
- Release Date
- 2020/12/05