Faraday West Commercial Loan
The Faraday West Commercial Loan is a Long Term Solution for anyone with a Commercial Loan.
- The 20 year term enables borrowers to have “piece of mind”. There is no need to worry if their lender will call up the loan or increase the risk factor.
- No annual reviews or revaluations. This saves the borrower time, money and stress. No need to worry if the property has changed in valuation or if their turnover figures will impact on their loan. It is really a set and forget facility for the lender and the borrower.
- The rates are competitive and there are NO hidden fees.
- Quick turn around times. You know where you stand with your loan within 48 hours.
- LVR up to 70% for loans between $100,000 and $1.5M and 50% for loans above $1.5M up to $2M.
- The commercial loan works like a home loan. All the features on a home loan but with commercial security.
- Quick settlement process, with Title Insurance.
The following properties are acceptable as security:
- Retails Shops
- Industrial Buildings
- Display Homes
- Studio Apartments
- Commercial Offices
- Serviced Apartments
- Dual Key
- No annual review
- 20 year loan term
- Redraw facility
- No on – going fees
- Interest Only up to 5 years
- Lease Doc
- Servicing is based on Borrower Rate with NO margin applied
- No re Valuation
- 70% LVR up to $1.5 million
- 50% LVR for loans above $1.5M up
Contact Faraday West today for more information regarding application and interest rates.