Property equity is the difference between the property’s value and mortgage owing. As an example, a $900,000 property with $300,000 mortgage owing has an equity of $600,000. Equity Release is borrowing against part of that available equity.
You can borrow up to 75% of the property value. Our loan amounts range from $20k to $2 million
NO. if your “Exit Strategy’ is to refinance, you can refinance through any lender and via any broker you like.
It only takes 24 hours from your initial application to have the funds in your account. That’s one of the great things about our EQUITY RELEASE Business Loan.
Either is fine. The two main things we need to know is that there is a business or commercial purpose for the funds, and sufficient equity for the amount you want to borrow. If those 2 things stack up, you’re APPROVED!
Rates and costs are based on risk, plus we believe in personalising a rate that works for you. An obligation free loan proposal will be provided to you with the interest rate and costs CLEARLY listed for your consideration. Unlike many other business lenders, we don’t engage in ‘smoke and mirror’ tricks where they lure […]
Unfortunately not. All of our loans (including our Equity Release business loan) must be wholly or predomanely for business purposes.
If you have a property (real estate security) that has sufficient equity, you can unlock the equity in your property and turn it into cash to support your business. The amount that you can release depends on how much your property is worth, and how much is currently owing on it. To apply, simply fill […]
It works just like a normal Full Doc business loan; however our Low Doc Business Loans don’t require tonnes of documentation on past financial performance, etc. Lo Doc Business Loans are perfect for businesses that find difficulty to provide traditional banks with relevant financial records.
NO. As long as the loan is for a business purpose and there is enough equity in real estate security, we will fund you in 24 hours and you can use the funds for whatever business needs you have.