1st Mortgage Business Loans

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1st Mortgage Business Loans

A first mortgage is the primary loan secured against a property, giving that lender the first legal claim to be repaid if the borrower defaults or sells the home.

No Doc Loans has over 50 plus Private Lenders and Non Bank Lenders on our Panel. Get competitive pricing and terms on private no doc loans tailored to you.

This type of loan is known as an asset lend because the lender is primarily relying on the value and sale ability of the security. You can use the funds from the loan for commercial property investment purposes, equity out for investment in shares or for business purposes including working capital, development finance, land banking, development sites and land subdivision. The loan must be to a company or, if to an individual, then predominantly for business purposes or for bridging finance.

Funds cannot be used to invest in a residential investment property or an owner occupied residential property for purchase refinance or renovations as the loan is then regulated under the National Consumer Credit Protection Act (NCCP). If this is the purpose of the loan then a low doc loan is required where some form of income proof is required.

Specifications:

Applicant type Companies, Trusts, Individuals*
Location Case by Case but Generally Capital City and Major Regional Population Areas.
Income: required proofs Asset Lend – No proof of income required – Interest & Fees can be Capitalised up to maximum LVR
Loan amounts $100,000 up to $100,000,000
Purpose Business purposes only
LVR
  • Residential > 80% LVR (including Capitalised interest and Fees)
  • Commercial > 70% LVR (including Capitalised interest and Fees)
  • Vacant Land > 60% LVR (including Capitalised interest and Fees)
  • Agricultural Farming > 60% to 65% LVR (depending on location)  Second mortgage loan amounts to 70% LVR.
Acceptable securities Residential, Commercial Property, Rural Farming Land and Vacant Land.
Specialised securities Considered case by case:

  • Residual /Retained Stock
  • Land Banking
  • Builder’s display homes
  • Boarding houses/ rooming houses
  • Resorts
  • Shopping Centres & mixed-use complexes
  • Medical Centres
  • Childcare Centres
  • Service Stations
  • Hotels/Pubs & Clubs
  • Rural Agricultural Properties
Repayments  Repayments are interest only, pre-paid or monthly in advance
Exit Strategy Private Lending requires an acceptable exit strategy for how the loan is to be repaid. Possible exit strategies are:

  •  Refinance
  • Sale of Asset / Stock
  • Working Capital
  • Outstanding work / Invoices
Loan Term 1 – 3 years
Establishment Fee TBA (depending on lender)
Brokers Fee Yes
Lenders Legals At Cost
Valuations At Cost

Apply for a 1st Mortgage Business Loan

Loans from $100,000 to $100 million
80% LVR on residential security and 70% on commercial
Approvals in as little as 24 hours
Residential, Commercial Property, Rural Farming Land and Vacant Land
Repayments can be interest only, pre-paid or monthly in advance

Enquiry Form for Property Loans

Step 1 of 2 - Your Contact Details

  • :
    If the purpose of the loan is regulated (Residential) under the National Consumer Credit Protection Act (NCCP) we can only process as a Low Doc Property Loan.
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NDL
We’re not rigid like banks. We think outside the box and enjoy solving challenging funding scenarios. Our personalised solutions will fit your unique requirements. Our platform allows superior reach connecting borrowers with private funders – resulting in better deals!
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