Are
you looking for a property loan, but don’t have sufficient
documents? If yes, you should better approach an alternative lender
who can offer you several funding options suiting your requirements.
Here, we are providing you snippets of few such alternatives.
Full
Doc
Full
Doc is an ideal funding option for those who can demonstrate
serviceability, requiring a minimum of 2 years financial statements
and tax returns. In order to get a loan through this method, you are
required to have a clear credit history. Approach an alternative
lender offering flexible funding options to avail Full Doc property finance.
Lite
Doc
Lite
Doc is the option for borrowers who fall just outside the Full Doc
criteria mentioned above, but are able to demonstrate serviceability
by providing information related to rental income, BAS statements,
interim financials and projections.
Low
Doc
Low
Doc is recommended for the borrowers who are unable to demonstrate
serviceability, but can provide accountant’s letter stating that
they can service the debt and the borrower is expected to
self-certify their income.
No
Doc
This
method of funding is considered ideal for the borrowers who are
unable to provide any income verification or obtain an accountant’s
letter confirming their ability to service the debt. If your case is
similar to this, approach an alternative lender to get to know more
about No Doc funding option.
When
it comes to alternative lender for property finance, Global Capital
Commercial (GCC) is a name to rely upon. The company is one of
Australia’s lending providers offering property finance solutions
suiting your all requirements.
Owing
to its network of more than 250 lenders including bank and non-bank
lenders, GCC can help you with a myriad of funding solutions
including development finance, commercial loans, specialized
facilities, credit enhancement strategies, Mezzanine Debt/Bridging
Facilities and Short Term Loans.
You
are suggested to approach Global Capital Commercial (GCC) to get to
know more about their various property finance solutions.
