About Us
Cash is tied up in property while bills and growth cannot wait in Dunedin. Dunedin Second Mortgage Business Loans solves that with second mortgage business loans secured against your property for working capital, bridging to a refinance or sale, tax arrears, stock, equipment, or renovations, with fast decisions and a clear exit plan.
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.
We give prompt answers with indicative approval in twenty four working hours when your documents are complete, terms from three to twenty four months with most second mortgages running six to twelve months and extension options, and drawdowns that stick to the timeline. Pricing is risk based and higher than bank lending, but we offer options like interest only, capitalised interest, and flexible weekly, fortnightly, or monthly repayments that keep your cash flow steady, and early repayment is allowed under your contract terms.
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 do not 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 team about second mortgage business loans in Dunedin today. Call us or send your numbers to start a quote and get a straight answer from a real person.