About Us
Banks move slow when your cash needs are right now. We arrange second mortgage business loans in Hamilton that use your property equity to cover tax, payroll, stock buys, supplier pressure, or a tight settlement, and we handle the valuation, legal work, and settlement end to end.
We know the local market and we read the full story, not only the score on a report. We look past tick box rules by weighing your turnover, equity, and exit plan, and that’s why deals that do not suit a bank can still get done with us.
Loan sizes run from 20,000 dollars to 500,000 dollars and the largest amounts call for a longer time in business, with second mortgage terms usually 6 to 12 months and full terms from 3 to 24 months, and pricing is risk based and higher than bank lending because these loans are short term and higher risk. We can consider up to about 90 percent total loan to value ratio in strong cases, we take residential or commercial property as security but not rural or lifestyle blocks, we offer interest only or principal and interest with weekly, fortnightly, or monthly repayments and we can capitalise interest when the deal supports it, and we set out all fees in the loan agreement and allow early repayment subject to the contract.
We fund from 20,000 to 500,000 for three to twenty four months, with most second mortgages running six to twelve months and extensions possible, and in strong cases total lending can reach about ninety percent loan to value ratio. We secure against residential or commercial property in towns and cities, we don’t accept rural properties or lifestyle blocks, eligibility starts from six months trading for smaller loans and up to five years for the largest amount, second mortgage borrowers should show at least 20,000 dollars in monthly turnover, we consider credit scores but never alone, we do not post fee amounts and set out application, valuation, legal and other costs in the loan agreement, and repayments can be interest only or principal and interest with weekly, fortnightly, or monthly schedules, and in some cases interest can be added to the balance.
Talk to us about second mortgage business loans in Hamilton and get a quick quote or a call to map the numbers and timing. Call or send your details and we’ll get you moving.
Fast Approvals - $20k to $500k
