About Us
Cash flow stalls when a bank moves slow or says no, and your project cannot wait. We offer second mortgage business loans in Auckland that use your property equity to fund working capital, bridging, stock and supplier payments, or a custom-made opportunity.
Our local team has funded many short term, property secured deals across Auckland and we know how to read both equity and trading strength. We look at the whole story, not just a score, and we can give an indicative decision within 24 working hours with clear terms and realistic timelines.
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 don’t 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 don’t 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 our team at Auckland Second Mortgage Business Loans about second mortgage business loans in Auckland and request a quote today. Call or send your recent bank statements, financial statements, and property details so we can confirm options quickly and get your funding moving.
Fast Approvals - $20k to $500k
