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FINANCE FOR PROPERTY PURCHASES

Urgent property purchase in trouble?  We have you covered when others let you down.

 

Finance for Property Purchases

Been let down at the last minute by your bank, or you have a shortfall in funding? It’s great to know there is a finance company out there who can fund you either on the same day. or within 24 hours. This means you can still settle on your property purchase on time, and NOT….

  • Go into rescission
  • Lose your deposit
  • Be hit with fees and penalties
  • Damage to your reputation

If you apply before 9am, we can actually be ready to fund you that same afternoon. How fast is that!!!

All you need to do is Apply Online, and supply…

  • A scanned copy of the Contract of Sale
  • The finance contract that has been delayed or cancelled
  • Photo ID for each person going on title
  • A scanned copy of a Trust Deed (only if being purchased in a Trust)

We can have you approved within 2 business hours, and can fund you in 24 hours. It is literally that fast and that simple.

Property Purchase Funding

What is Required?

Very Little!  As our Bridging Loans are purely for business or commercial investment purposes, your purchase needs to be one of the following…

A Commercial Property being purchased in EITHER a personal OR Company name

A Residential Property being purchased in a Company Name

Unfortunately, laws prohibit us from funding you if you are buying a residential property in your own name.

However if you have taken all the necessary safeguards for asset protection, and bought your residential investment property in a Company Name (or a Trust with a Company as Trustee), or if it is a Commercial Property, we can fund you RIGHT AWAY.

HOW MUCH CAN WE LEND

Max LVR: 75% of the purchase Price (including costs).  If you need more than 75% and you have equity in other real estate, WE CAN STILL FUND YOU

You can take the bridging loan for a minimum of just 1 month, or up to 6 months.

We can tailor it to your needs.

Then as soon as your long term finance is in place, they simply pay our bridging loan out, and they become the 1st Mortgagee and we are done and dusted and gone.

Are you Looking for a Business Loan to buy Property? HomeSec can help you With This.

A business property loan is business funding, specifically for the property purchase, which the borrower can use for business. The property can include office space, warehouses, retail shop or industrial land. In short, any property the company will use and not for any personal purpose. Any individual, discretionary trust, partnership or any other group can apply for this loan on behalf of a company or a business.

The borrower can apply for a high amount in short-term property loans, but it also includes higher interest rates than residential property finance. It is due to the higher risk involved in this loan. You need to make regular repayments, or you can have all costs capitalised. You can opt for terms from 1 to 12 months. Besides this, any costs associated for the loan can be tax deductible.

The borrower has the flexibility of making interest-only payments or no payments for the term of the loan. If the costs are capitalised you have a lump sum at expiry of the loan to repay.

Things to consider while Applying for short-term property finance

There are some aspects to consider before applying for property finance. They are as follows.

  • The interest rate

How much you have to pay in interest for the property loan will affect the total loan cost and the monthly repayments if applicable. The interest rate varies according to the lender’s risk.

  • Maximum LVR

LVR (Loan to Value Ratio) will determine the loan amount. Homesec offers a maximum LVF of up to 75% of the value of the property being used as security.

  • Fees

Fees for short-term property funding vary according to various conditions. The most common fees include establishment and legal fees. But there are no other charges for early repayment when repaying the finance for the property.

  • Loan Amount

HomeSec offers a maximum amount of $5 million to a minimum of $20000 as the loan amount. You might borrow more, but it also depends on your repayment capability.

  • Repayment flexibility

HomeSec provides immense flexibility in repayment terms. You can pick a monthly or capitalised repayment facility according to your cash flow seasonality.

  • Loan Term

The loan term for a business loan for a property purchase is the time within which you have to repay the loan. With a short loan term, you have options of 1 month to 2 years. The terms are flexible and can be structured to meet your business needs.

Different Types of property Loans in Australia

There are several property loans you can apply to HomeSec, based on the funding type you require. These are as follows.

  • Commercial property loans

This loan is primarily for commercial property or refinancing a commercial property loan. The borrowing amount and interest rates are competitive in the market.

  • Sub-division Finance

Subdivision of the land increases the property value with no necessity for further construction. You can use this business loan on the property for construction purposes also.

  • Factory Finance

You can use this loan to purchase a factory with equipment.

  • Rural short-term property loans

Rural property finance is also available however the LVR is reduced according to size of property or location.

  • Construction and property development loan

This funding helps construct sub-divisions, commercial properties and residences.

  • Mezzanine Finance

The borrower can use mezzanine finance for an expansion, completing a project or borrowing additional capital. You can use this short-term property finance when the bank does not cover all your financial needs.

  • Land Finance

You can use this funding to buy vacant residential or industrial land. You can hold, develop or subdivide properties and convert them into marketable assets to double or triple your investment.

Documents Necessary to get a business property loan approval

The documents and information you will require to submit to HomeSec depend on the property type and the loan amount. However, you have to submit the following documents as a general rule.

  • Company and personal information

You should submit your contact details, name, ID proof and address proof while applying for short-term property funding. You will also have to give ACN or ABN.

  • Financial details

No financial documents are required unless you take out a 12 month loan, you will then need to provide bank statements to show you can meet the monthly payments. By providing these documents, the lender will determine your ability to repay the property loan.

  • Property Details

For easy approval for a business loan for property purchase, you should submit details of the property such as type and location. Even if you are buying a commercial property or an investment property, you should provide the current lease agreement details that are currently in place on the property.

HomeSec’s finance for a property is dedicated to supporting the commercial investment sector. Our financial specialists are highly-trained to deliver customized solutions for property loans in Australia.

 

Urgent Finance For Property Purchases

Need to Borrow the Deposit, or you need Funds to Complete a purchase? HomeSec can help in just 24 hours, with our Business Bridging Loans.

No more running the risk of losing land for a major development, just because the bank can’t deliver.  No more feeling embarrassment because for whatever reason, you just don’t have the funds.

Thankfully, we are here to help. If we can secure our loan against real estate, and keep the LVR under 75%, we will fund you in 24 hours. Plus we don’t need to see financials, and credit history is irrelevant.

Also, as it is a Business Loan, the costs of our Business Bridging Loans are fully tax deductible.

Real Estate Agents & Mortgage Brokers across Australia and New Zealand are also becoming aware of HomeSec Business Bridging Loans, and are actively telling their clients about them.

This is a smart move, because nothing breaks a Real Estate Agent or Brokers heart more than a hard fought sale falling over because of issues with finance.

Sadly, the reality is, it happens every day. So the smart real estate agents and brokers have partnered with HomeSec so they can have all the information to pass on to their clients, should the need arise.

This means their client can even Apply Online on the spot

Homesec Customers

Our Customers

Homesec came to the rescue when another short term lender would not let me extend my existing loan. Homesec paid them out and then allowed me to extend until I was in a position financially to pay them out. They are fair and flexible which is exactly what I was looking for.

Richard - Business Owner from QLD

The team at HomeSec are genuinely helpful and a pleasure to deal with. The online application app is very easy to use. Initially you only need to enter the minimal amount of information into the app to get a fast response from one of the BDMs. This is good news when I get busy. Highly recommend HomeSec.

John Cooper

Dealt with Vince Bolger for some urgent finance for a customer. His knowledge and his after hours response allowed me to find a quick finance solution for my clients and I was able to provide an awesome outcome/solution. Thanks Vince for your help and guidance.

Matthew Sharlassian

HomeSec where easy to deal with and understood the needs of small business the application process was simple and quick i couldn’t be happier with them

Melanie Davis

Vince from Home Sec was so easy to deal with. This was my first experience with this organisation. Simple process, easy for my clients to navigate their process. Will definitely be using them again if need be.

Brad Frost

Homesec is the go to funder for our clients’ short term funding requirements. Thoroughly professional and they deliver on time every time. Private funding can be a minefield so its god to know there’s one you can trust.

John Brice

Excellent people to deal with. Proactive, Commercial and Understanding. Highly recommend Paul, Jason and the rest of the HomeSec team for your private lending needs

Paul Dubois

I have been dealing with HomeSec for some time and always find them professional, prompt and fantastic to deal with

Peter Cook

Superior effort from the staff at HomeSec. Had my loan approved within a day with no problems. I Highly recommend their services.

Leon Mand

It was a pleasure working with HomeSec right from the beginning. They act with integrity and are very transparent with the service they provide. I would highly recommend using HomeSec Business Finance to anyone.

Courtney Cochrane

Dealing with Vince and the team at Homesec is always a pleasure, experts in their field, quick to answer any questions, clear communicators. If i could give 6 stars i would!

Anthony Bacic

If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.

Apply Now

Frequently Asked Questions

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What’s a business loan for property purchase?

Business loans can be used to purchase a property in a company name or a commercial property.

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What are the benefits of a property business loan?

If traditional banks are taking too long to approve the finance and your settlement date is fast approaching, this type of funding can be a life saver.

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What interest do you charge?

Interest rates start from 1.95% pm.

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How to get a property business loan?

Click on any of the apply now buttons on our website, or https://www.homesec.com.au/apply-express/

Our Company

HomeSec Business Finance is Australia and New Zealand’s largest short term business lender and the trusted funder of choice for fast short term business loans.
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