About Us
Cash flow gets tight and most of your funding sits behind a first mortgage. We arrange second mortgage business loans in Wellington secured against residential or commercial property to access fast working capital, bridge to refinance or sale, and fund urgent projects.
Our team at Wellington Second Mortgage Business Loans focuses on short term, property secured lending for trading businesses and we judge real cash flow and equity rather than a credit score alone, and we set all application, valuation, and legal costs out in the loan agreement so nothing surprises you. We work with businesses from six months in trade on smaller loans through to five years for the largest, we expect at least twenty thousand dollars in monthly turnover, and we only fund when there is sufficient equity.
You get funding from $20,000 to $500,000 for three to twenty four months, with most second mortgages running six to twelve months and extensions possible when the exit makes sense. Pricing is risk based and higher than bank lending, total lending can reach about a ninety percent loan to value ratio in strong cases, we accept residential or commercial property but not rural or lifestyle, we weigh credit scores but look at the whole picture, we set out application, valuation, legal, and other costs in the agreement, early repayment is usually allowed under the contract, you can choose interest only or principal and interest, payments can be weekly, fortnightly, or monthly, interest can be capitalised, and trading history needs range from six months for smaller loans up to five years for the largest amounts.
We fund from 20,000 dollars to 500,000 dollars with terms from three to twenty four months, second mortgages often run six to twelve months, eligibility builds with loan size from six months trading for smaller amounts to up to five years for the largest amount, minimum monthly turnover of 20,000 dollars is expected, rural or lifestyle property isn’t accepted, and total lending and fees are tested against property equity and the exit plan. The common mistakes are applying with unclear numbers or missing documents like bank statements, mortgage statements, rates notices, financials, or a valuation, overestimating property value, forgetting that capitalised interest and fees add to balances, or trying to solve a long term need with a short term loan, which can cause delays, higher costs, or default that puts the secured property at risk while we coordinate with your first mortgage lender and your solicitor once valuation and legal checks are done so settlement is fast.
Talk to Wellington Second Mortgage Business Loans in Wellington about second mortgage business loans today. Call or send your details for a quick review and a clear written quote.
Fast Approvals - $20k to $500k
