About Us
Cash gaps hit hard when banks move slow or a project cannot wait. We set up second mortgage business loans in Dunedin that tap your available property equity for short term working capital, bridging, or debt consolidation so you can keep moving.
Our team has deep experience structuring short term property secured funding that sits behind your first mortgage. We expect at least $20,000 in monthly turnover and a trading history that grows with the loan size, we know the Dunedin market, we look at your equity, trading strength, and exit plan not just a score, and we can give an indicative decision within 24 working hours when documents are complete.
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.
Loan sizes run from $20,000 to $500,000 with terms from three to twenty four months and second mortgage loans usually sit at six to twelve months, pricing is risk based and higher than bank lending due to the short term and higher risk, repayments can be interest only or principal and interest, interest can be capitalised in some cases, and payment cycles can be weekly, fortnightly, or monthly. We accept residential or commercial property in Dunedin as security but not rural properties or lifestyle blocks, total lending can reach about ninety percent loan to value ratio in stronger scenarios with sufficient property equity required, minimum trading history starts at six months for smaller loans and increases up to five years for the maximum amount with at least twenty thousand dollars in monthly turnover, we consider credit scores but we do not rely on them on their own, we can give an indicative decision within twenty four working hours once complete and correct documents are in, and fees such as application, valuation, and legal are set out in the loan agreement with early repayment usually allowed under the contract.
Talk to our local team about second mortgage business loans Dunedin. Call or send a message to start your application or get a quick quote on funding terms today.
Fast Approvals - $20k to $500k
