About Us
Banks move slow, bills do not, and growth chances don’t wait. At Christchurch Second Mortgage Business Loans we fund second mortgage business loans in Christchurch with short-term property-secured finance for working capital, bridging, refinance, and project cash flow.
We work in Christchurch every day and we know how to read your trading story and the value in your real estate. We look beyond a credit score and can accept residential or commercial security with realistic loan to value ratio settings, and in strong cases we can consider total lending up to about ninety percent when your documents are complete and correct.
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.
We fund from 20,000 to 500,000 for three to twenty four months, with most second mortgages running six to twelve months and extensions possible, and in strong cases total lending can reach about ninety percent loan to value ratio. We secure against residential or commercial property in towns and cities, we do not accept rural properties or lifestyle blocks, eligibility starts from six months trading for smaller loans and up to five years for the largest amount, second mortgage borrowers should show at least 20,000 dollars in monthly turnover, we consider credit scores but never alone, we do not post fee amounts and set out application, valuation, legal and other costs in the loan agreement, and repayments can be interest only or principal and interest with weekly, fortnightly, or monthly schedules, and in some cases interest can be added to the balance.
Talk with us about second mortgage business loans Christchurch today. Call or send your figures for a quick quote and we will confirm what you can borrow and the steps to settle.
Fast Approvals - $20k to $500k
