PMP Low Doc Commercial

Lite Doc

Loan Purpose:

Purchase, Refinance, Working Capital, Capital Raising, Investment, debt consolidation, bridging, and a wide range of business purposes

Loans must be for business or investment purposes only

Minimum Loan Amount:

$250,000

Maximum Loan Amount:

$50,000,000

*Larger transactions will be considered on merit

Loan to Value Ratio:

Up to 85%

Loan Term:

Up to 5 years Interest Only

Longer term loans are also available typically Principal and Interest, short term bridging loans are also available

Loan Type:

Interest Only &

Principal and Interest

Interest Rate Options:

Variable Interest Rate

Fixed Rate –  1, 3 or 5 year terms

Variable Interest Rates:

LVR

Up to 70%

70%-75%

75%-80%

80%-85%

Margin Over Bank Bills

1.75% - 2.05%

2.00% - 2.55%

2.25% - 2.70%

2.50% - 2.95%

Borrowing Criteria:

Serviceability should be demonstrated and evidenced from one or more of the following:

• Accountants Certificate plus
• rentals, projections, financial statements etc
• 6 month interest on deposit may also be used to demonstrate serviceability
• For where regular cash flow does not support borrowings interest retention for the term of the loan may be considered

Processing Fee:

To Scale

Establishment Fee:

To Scale

Fees:

The Borrower is liable for all legal, valuation fees, stamp duties and other disbursements.

Property Types:

Loans will be provided against Commercial, Industrial, Retail and Residential properties Australia Wide.

Specialised properties such as Hotels, Motels, Caravan Parks and Sporting facilities will not be considered.

Refer to PMP Specialised Product parameters

Development & constructions loans will not be considered.

Refer to PMP Development Finance Product parameters