Commercial Low Doc or No Doc Loan streamlines
the borrowing process.
Low Doc Loans lets customers self certify their income without the need to substantiate the same with their financials as to Tax returns etc. In certain instances bank statements may be asked to confirm trading figures. Generally lending is restricted up to 75% of the commercial property value, however private / mezzanine lending may be available at higher Interest rates.
No Doc Loans goes one step further towards easement of the whole process. You are not required to self-certify your income and in certain instances; no declaration of Assets & Liabilities are required as well. The lending is generally restricted at 60% of the commercial property value.
Suitable for:
Borrower’s who have not done their current financials or simply for borrowers who do want to take hassle of providing all the paperwork for loan approval.
Low Doc Loans lets customers self certify their income without the need to substantiate the same with their financials as to Tax returns etc. In certain instances bank statements may be asked to confirm trading figures. Generally lending is restricted up to 75% of the commercial property value, however private / mezzanine lending may be available at higher Interest rates.
No Doc Loans goes one step further towards easement of the whole process. You are not required to self-certify your income and in certain instances; no declaration of Assets & Liabilities are required as well. The lending is generally restricted at 60% of the commercial property value.
Suitable for:
Borrower’s who have not done their current financials or simply for borrowers who do want to take hassle of providing all the paperwork for loan approval.
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