Are you looking to take out a commercial property loan or real estate loan but you lack some of the documentation required by the banks? These are just some of the reasons to come to Hodgestone Finance for a low doc commercial loan.
Offering great rates on fixed and variable loans, and advice throughout the whole process, Hodgestone Finance is the place to go for low doc commercial loans in Melbourne and all major Australian cities.
What is low doc commercial finance?
Low doc loans are taken out by borrowers without the requisite documentation for standard or ‘full doc’ loans. These documents include tax returns, financial statements and any other proof of income documents. If you’re missing these items, we can begin the process of low doc commercial lending.
Low doc loans are the best, and often the only option available for a number of people, including:
- Self-employed sole traders
- People without regular PAYG income
- Those seeking urgent/fast loan approval without the time to collect all relevant documents
As well as low doc loans, you may have heard of no doc loans. No doc commercial lending is a bit of a misnomer in the modern finance market. A better term would be “non-conforming”, and this refers to finance options for anyone who does not conform to the stringent requirements set by most banks.
As well as people with limited documentation, this includes options for those who have had their ABN for less than two years, developers without 100% debt coverage in pre-sales, and anyone with a poor credit history.