LOW DOC COMMERCIAL LOANS
We understand that not all borrowers fit in the box
The general lending parameters imposed by the major lenders, particularly the banks, are designed for the top tier of borrower who can mitigate lending risks with such as the ability to service the proposed facility. These facilities are generally referred to as full doc. Not all borrowers fit in to this criteria however their proposals may still have merit and low doc commercial loans may be the solution.
At Global Capital Commercial we have direct access to over 200 lenders many of which are private non-bank lenders who have a more flexible view on lending which we refer to as low doc commercial loans.
Quite simply if the loan makes sense, we can help!
Some examples of situations where mainstream facilities are not appropriate:
- Tax returns are not up to date
- Poor history of servicing (even one month late payment)
- Adverse credit history, such as arrears or payment default
- ATO tax debt
Low Doc Commercial loans are for those borrowers that do not tick all the boxes of mainstream finance.
- We offer you access to a vast and dependable network of private non-bank low doc commercial lenders
- Our finance specialists are experts at structuring tailor made low doc commercial loans.
- Rapid and efficient processing framework, means fast turnaround times and settlement
- A wide range of non-conforming low doc commercial loans solutions to choose from
- We look for ways to settle the deal not reasons why it cant!!
Our primary low doc commercial loan categories are listed below.
Low Doc Commercial Loans
At GCC, we can help you facilitate all your low doc commercial loans for any type of property purchase or refinance. Broad categories are:
Full Doc: For borrowers with adverse credit who can nonetheless show serviceability with 2 years of financial and tax documents.
Lite Doc: A facility for those who can prove serviceability, but cannot meet the full doc criteria, such as rental repayments alone servicing the debt.
Low Doc: Designed for those who cannot meet full or lite doc requirements, but can prove serviceability with an accountant’s letter.
No Doc: an asset lend is for those who cannot demonstrate servicing and can not provide an accountants letter.
To find out more including product specifications, pricing and case studies contact us on 1300 353 926
Low Doc Construction Finance
With our vast industry experience, we know that there are many types of proposals that do not fit into the mainstream. That is why we work with private, non-bank lenders to help developers find innovative solutions for all of their needs.
There are many advantages to working with a private lender, including:
- A quicker start time for your project due to the fact that no pre-sales are required
- Private lenders are more concerned about the project’s benefits than they are about serviceability, so borrowers need not show full tax records
- Private lenders are more willing to work with borrowers who have an adverse credit history.
For more information please contact one of our development finance experts.
Low Doc Commercial Business Finance
Do you need to raise working capital or acquire funding to purchase equipment, but find yourself in a situation where you cannot meet the standard mainstream lenders requirements?
If so, the experts at GCC can help. We offer a broad range of non-conforming and low doc commercial loan solutions to assist:
- Purchasing and refinancing a freehold business
- Cash flow finance
- Funding for international trade and imports and exports
- Financing for equipment purchase and lease
- Car and asset purchase finance
- Sale and lease back options
At GCC, we help you keep your business going by working outside the box.