Private Lending – No Doc Loans

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.

Funding lines are available for both First Mortgages and Second Mortgages.

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 on No Doc Loans

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	$150,000 up to $100,000,000
Purpose	Business purpose can mean a range of activities including purchasing a commercial property, purchasing or starting a business, payout out a business debt, working capital for a business, any form of property development activities including construction financing and etc. However, the funds cannot be used to invest in a residential investment property or an owner occupied residential property. Apply Now
LVR	Residential > 75% LVR (including Capitalised interest and Fees) Commercial > 75% LVR (including Capitalised interest and Fees) Vacant Land > 65% LVR (including Capitalised interest and Fees) Agricultural Farming > 60% LVR (including Capitalised interest and Fees) Second mortgage loan amounts $200-750K to 65% 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