No Doc Commercial Property Loan

$500k – $12m*

LOAN SIZE

Up to 75%

LVR

1 to 24 Months

TERM

Benefits

  • All commercial property considerated
  • No WALE requirement (Weighed average lease expiry)
  • Vacant property ok
  • Interest rate from 10.9% per annum
  • No early termination fee
  • Low valuation fee

Use of Funds

Loan is available for business purposes such as business start-up, cash flow, commercial property purchase, cash-out and equity release.

Repayments

Monthly repayment, lump-sum repayments or a combination of your choosing
Get Started

Helping commercial borrowers with flexible property finance for since 2002

Product

Flexi 1st Mortgage

LVR

75%

Loan Amount

$13,100,000

Loan Term

3+6 Months

Location

Southbank, 3006

Client Type

Commercial Entity

Loan Purpose

Refinance of current debt

Property Type

Residential

Scenario

The client had previously engaged multiple private lenders for assistance with refinancing and cashing out but was unsuccessful due to the high Loan-to-Value Ratio (LVR) and the nature of the high-end properties involved. Consequently, the broker overseeing the client’s case presented us with this complex scenario. Facing numerous challenges, Maxiron Capital’s dedicated lending executive and risk team worked tirelessly to surmount these obstacles. After three weeks of concerted effort, we successfully formulated a solution that met the client’s requirements and achieved the desired outcome.

Product

Flexi 1st Mortgage

LVR

74%

Loan Amount

$9,121,000

Loan Term

6 Months

Location

Parramatta 2150

Client Type

Commercial Entity

Loan Purpose

Refincance Commercial Loan

Property Type

Resi/Commercial

Scenario

The broker reached out about refinancing five facilities to Maxiron under one umbrella. After the broker struggled to find a lender willing to take on all the securities and a loan of this size, valuations were completed on all properties. One valuation came back lower and affected the cash out to the client. As we are customer-focused and think outside the box, we increased the LVRs on all securities to ensure the client was satisfied and did not experience any shortfall. The settlement in 48 hours after the client signed the discharge forms.

Product

Flexi Rapid

LVR

68%

Loan Amount

$351,400

Loan Term

3 Months

Location

Bonnells Bay 2264

Client Type

Commercial Entity

Loan Purpose

2nd mortgage for business cash flow

Property Type

Residential

Scenario

The broker reached out to get a 2nd mortgage for his builder client who needed to pay salary to his workers urgently in one week. We accepted the property as security and went beyond to perform the desktop valuation even though it is not within the Metro area. The client was pleased with our response, immediately booked an appointment with the solicitor and went to the office to wait for our contract to be issued. Everyone was fully switched on the contract so we were able to settle it in just 4 days. The application was received and approved within the 1st day, and the client reviewed and signed back the offer letter on the 2nd day. The client was able to sign the contract with the solicitor on the 3rd day. To conclude, we reviewed everything and issued funds on the 4th day.

Product

Flexi 1st Mortgage

LVR

70%

Loan Amount

$3,132,500

Loan Term

6 Months

Location

Asquith NSW

Client Type

Commercial Entity

Loan Purpose

Refinance

Property Type

DA Approved Development site “As is”

Scenario

The broker was required to refinance an existing private loan to a new facility for a short-term loan while finalizing the construction facility. The issue was that we had only two weeks to pay off the existing private loan or the client would face massive penalties with the current lender. From the time we received the application, the client had a letter of offer within 24 hours, which was signed, and the valuation was paid and ordered immediately. The valuation returned lower than expected, so we negotiated with the broker and increased the LVR to assist in any shortfall. Once agreed, contracts were out within 24 hours, signed by the client the next day, and settled the day after, satisfying the client’s requirements and deadlines.

Product

Flexi 2nd Mortgage

LVR

77%

Loan Amount

$1,588,000

Loan Term

6 Months

Location

Strathfield NSW 2135

Client Type

Business Owner

Loan Purpose

Business operating cash flow for Import& Export business

Property Type

Residential

Scenario

The client needs an equity release from the existing property in Strathfield NSW 2135 to supply business operating cash flow. The client could not get bank finance because they were unable to satisfy traditional banks’ service requirements.

Product

Flexi Non-PR

LVR

31%

Loan Amount

$500,000

Loan Term

5 Months

Location

Adelaide 5223

Client Type

Overseas Investor

Loan Purpose

Equity release from rural commercial suburb

Property Type

Commercial

Scenario

The overseas investor needs a short-term cash flow to pay for other business running costs due to COVID.

Access extra working capital, buy your business premises or grow your investment portfolio. Maxiron Capital can help you buy or refinance residential or commercial property with long-term, cost-effective funding.

Helpful Tools

Application form

Our 3 step process

Accreditation Application

FAQs

How much can I borrow?

Flexi 1st Mortgage- $500k – $12m*
Flexi 2nd & 3rd Mortgage – $250k – $3m
Flexi Bridging Loan- $250k – $12m*
Desktop Mortgage – $250k – $3m^
Flexi Non-PR – $250k – $12m*
Residual Stock – $250k – $12m*
Hybrid Building – $250k – $12m*

*Standard Val 1st Mortgage – Up to $12m

^Desktop Val Product: 2nd Mortgage Up to $2m

Please contact us for a free loan proposal with interest rates. You may withdraw at any time with no obligations required.

Who is eligible to borrow from us?

Maxiron lends to companies and partnerships provided there is a genuine business purpose. If the borrower is a company or trust with a company trustee, then the loan is for business purposes.

Does Maxiron Capital provide unsecured finance?

No, Maxiron Capital only provides finance secured by Australian real estate with available equity. First or second mortgages may be used.

Can I pay off the loan early and is there any penalty if I do so?

You can pay the loan back early and there is no penalty for doing so.

Get In Touch

General Enquires

Phone: 1300 944 966 

Email: [email protected]

Business Hours: Monday – Friday | 9:00 am – 5:30 pm (AEDT)

Address: Darling Park Level 22, Tower 2, 201 Sussex St, Sydney NSW 2000

CONTACT INFO

Maxiron Capital © Copyright 2024.
All rights reserved

Address: Darling Park Level 22, Tower 2, 201 Sussex St, Sydney NSW 2000

Phone: 1300 944 966

Email: [email protected]

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