About Us
Cash gets tight and the bank moves slow, which can put payroll, supplier bills, and custom made deals at risk. We solve this with second mortgage business loans in Dunedin that enable short term funding against residential or commercial property equity for working capital, tax catch ups, inventory, or bridging between settlements.
We know the local market and we read the full story, not only the score on a report. We look past tick box rules by weighing your turnover, equity, and exit plan, and that’s why deals that do not suit a bank can still get done with us.
You get speed, straight talk, and funding from 20,000 dollars to 500,000 dollars for three to twenty-four months, with most second mortgages running six to twelve months and extensions possible when your plan supports it. We secure against residential or commercial property with sufficient equity and we don’t accept rural properties or lifestyle blocks, and in strong cases the combined loan to value ratio can reach about ninety per cent, pricing is risk based and higher than bank lending because these are short term and higher risk loans, repayments can be weekly or fortnightly or monthly, and early repayment is often allowed under your contract.
Loan sizes run from 20,000 to 500,000 with the maximum linked to your time in business, and second mortgage terms are usually six to twelve months within an overall three to twenty four month window with extensions possible, and a second mortgage sits behind your first mortgage on the title, and total lending can reach about ninety percent loan to value ratio in strong cases. We take residential or commercial property as security and don’t take rural or lifestyle blocks, we expect at least 20,000 in monthly turnover and a trading history from six months for smaller loans up to five years for the largest, we consider your credit score alongside equity, we can set interest only or principal and interest with weekly or fortnightly or monthly payments and interest can be capitalised in some cases, early repayment may be allowed under the contract, we can give an indicative decision within one working day when the documents are complete, and all costs such as application, valuation, and legal are set out in the loan agreement.
Talk with our Dunedin team about second mortgage business loans today and get a straight answer within one business day when your documents are complete and right. Call or message Dunedin Second Mortgage Business Loans to get a quote and a clear path to funding.
Fast Approvals - $20k to $500k
