MHP Mortgage Loans - Matthew Stack

  Commercial Lease Doc Loan A commercial lease doc loan is NOT a full doc prime loan, however it usually offers one of the lowest interest rates in the commercial lending space.  Instead of providing business financials or full income documentation, you simple supply the lease agreement.  Whether the loan is approved or not, relies on the strength of the rent income used to secure your loan.  It's a great way to get your commercial lease doc loan approved. Easier to administer than a commercial property loan as there is usually no declared personal income statement required or letters from the accountant.  Literally, the income assessment is based on the lease agreement income.   Requirements - You can borrow up to 70-80% of the property value. - No need for tax returns, pay slips, bank statements, or business financial statements. - Must be a commercial investment property.  The lease income must be sufficient to cover the interest on your loan. ...

Commercial Property Loans  There are many commercial property lenders, and the lending policies for commercial property loans are varied and negotiable.  It's imperative to use a finance broker. Commercial property types Different commercial properties carry different risks to each lender.  Standard commercial properties are usually the best type of security for a commercial property loan.  They have wide appeal, in a good location, and zoned as commercial or mixed use. 1. Offices. 2. Factories. 3. Warehouses, showrooms and storage units. 4. Shopfronts. 5. Residential block of units. Non-standard or Specialised commercial properties carry more risk to the lender as they are more difficult to lease or sell.  These may attract a different interest rate and fees. 1. Backpacker hostels, motel, hotel, resorts, bed and breakfast, caravan parks. 2. Aged care and over 55 complexes. 3. Car yards. 4. Land subdivisions. 5. Farms - both hobby and income producing includin...