About Us
Cash is tied up in property while bills and growth cannot wait in Wellington. Wellington 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 Wellington 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.
You get workable terms between 3 and 24 months, with most second mortgages running 6 to 12 with possible extensions, pricing is risk based and higher than bank lending, and all costs such as application, valuation, and legal are set out in the agreement with early repayment allowed under contract. Common mistakes are asking for more than the equity supports, skipping a clear exit, or underestimating total cost, and those choices can slow approval, add fees, or cause decline.
Loan sizes run from $20,000 to $500,000 with terms from three to twenty four months and second mortgage loans usually sit at six to twelve months, pricing is risk based and higher than bank lending due to the short term and higher risk, repayments can be interest only or principal and interest, interest can be capitalised in some cases, and payment cycles can be weekly, fortnightly, or monthly. We accept residential or commercial property in Wellington as security but not rural properties or lifestyle blocks, total lending can reach about ninety percent loan to value ratio in stronger scenarios with sufficient property equity required, minimum trading history starts at six months for smaller loans and increases up to five years for the maximum amount with at least twenty thousand dollars in monthly turnover, we consider credit scores but we don’t rely on them on their own, we can give an indicative decision within twenty four working hours once complete and correct documents are in, and fees such as application, valuation, and legal are set out in the loan agreement with early repayment usually allowed under the contract.
Talk to us today about second mortgage business loans in Wellington and let’s price a deal that fits your exit plan. Call or message to start or to get a quote from our team and we’ll confirm what security and documents are needed.
