Commercial Bad Credit Loan for Commercial Property to 80% LVR

Getting a commercial property loan with bad credit can be challenging, but it is not impossible.

A bad credit commercial property loan is designed for borrowers with past or present poor credit. Whether it’s a default, arrears, writs, bankruptcy, or part 9, there are still options.

There are many alternative lenders that specialize in working with borrowers who have bad credit. These lenders may have more flexible requirements than traditional banks, but be aware that they often charge higher interest rates and fees. Clean credit Commercial Property Loans are available to 80% LVR.

Commercial Bad Credit Loan loan Purposes

This product is suitable for Purchases, refinance of an Investment Commercial Property to 80% LVR.  Available to both Full Doc and Alt Doc Self Employed Australians that have been in business for 12 months or more without lodged financials.

• Suitable for Purchase, Refinance of Commercial Property in cat 1 locations only.
• Can be used for financing equipment and vehicles.
• Cash out for business or investment purpose to 80% LVR
• Loan Term 30 years (no reviews)
• For Individuals, Partnerships, Corporate or Trust borrowers.

Maximum Loan Amounts for a Commercial Bad Credit Loan

$2,000,000 – 80% LVR or $3,000,000 > 75% LVR or $4,000,000 to 70% LVR (Cat 1 & 2 Locations)

Credit History

• Defaults /judgement’s allowed if registered > 2 years (paid or unpaid) or registered > 12 months and paid
• Mortgage Arrears (late repayments up to 30 days only)
• Unsecured Debt Arrears (no limit)
• Discharged Bankruptcy (1 day)

Acceptable Securities

• Shop Fronts
• Offices (strata office OK)
• Industrial Units
• Factories
• Warehouses and Workshops
• Mixed Residential & Commercial use

Income documentation

(PAYG) Last 2 pay slips plus one of the following: Letter of employment, Tax assessment notice or Latest income statement from MYGOV website.

(SELF EMPLOYED FULL DOC) 2 years tax returns for Companies and last 2 personal returns for sole traders and tax assessment notices minimum 2 years ABN registration.

(ALT DOC)  Minimum twelve (12) month ABN registration (GST registered if applicable)

• Fully completed Commercial Alt Doc Declaration of Financial status Form PLUS one of the following
• Six (6) months ATO lodged BAS
• Six (6) months business banking statements
• Accountants Declaration Form (provided the Accountant has acted for the applicant/s for 12 months or greater)

Standard Features & Versatility