COMMERCIAL LEASE DOC LOANS
Commercial lease doc loans at the lowest interest rates in Australia. A commercial lease doc loan does not require credit checks or financial documentation. Get this loan in Sydney, Melbourne, Adelaide, Brisbane, Darwin, Perth, and all across Australia. With our guaranteed commercial lease doc finance, you have a variety of choices. Got a bad credit history or no financials? You can count on us. Contact us by filling our contact form or call us direct at 0439462664. The majority of loans have immediate conditional approval.
An asset sale and leaseback arrangement from Zip Business Finance may meet your financial and business needs if you need immediate cash. Under a Sale and Leaseback agreement, your business sells its equipment to a financier, who then immediately leases the equipment back to you, generally for a 3-to-5-year term.
Business owners who own their assets and need a timely injection of working capital but need those assets to continue trading can benefit from this arrangement in both a financial and operating sense. The sale and leaseback method of raising capital for a business is fast and cash-flow efficient. As a result of this arrangement, you can still retain exclusive use of your existing equipment while freeing up capital locked up on your balance sheet. Under this financial structure, almost all equipment with a resale market is accepted.
WHAT IS A COMMERCIAL LEASE DOC LOAN?
Commercial lease doc loans are mortgage products in which the lender advances the loan based on a serviceability model. Lease income from a commercial or industrial property is used to service the debt on the proposed property on a standalone basis. If the rental income exceeds the interest payments over a 12-month period, then it is possible to get the loan approved without showing financial documents.
The lender selects the security property as a means of assessing the client’s affordability while assessing the debt serviceability as if it were a stand-alone asset. Several lending institutions offer this type of loan, but it is not very common.
HOW ARE COMMERCIAL LEASE DOC LOANS CALCULATED?
Lenders generally perform an affordability test based on a client’s overall financial position. With a lease document, a lender looks at the debt and lease independently. The client would be able to borrow using that property and lease without showing his finances if he has a particularly unusual income stream and is unable to confirm this but has good tenants in a particular property.
HOW DOES A LEASE DOC LOAN WORK?
Commercial leases consider the rental income and debt on the property on their own, without looking at or considering other incomes or debts the borrower has. If a borrower rented their commercial or industrial property, the income derived could be used to service the debt on the proposed property. The loan should be approved if the borrower can demonstrate an interest cover of at least 1.00 times the interest cover.
Founded in 2001, Zip Funding specializes in short-term commercial loans. We offer a bespoke Commercial Finance advisory service, providing our customers with flexible commercial bridging loan solutions. For more information on your special rate please call us on 0439462664 or drop us an email.
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As a private commercial loan provider, our strong beliefs coincide with the fact that finance should not be that complicated. We are a true Common-Sense Lender, who is always on your side. Most loans are settled within 24-72 hours.