About Us
Bank timelines do not match your cash flow needs and your equity sits locked in property. We fund second mortgage business loans in Wellington with short term, property secured lending for bridging needs, working capital, tax payments, stock or equipment buys, and refinance while you set up longer term funding.
Our team at Wellington Second Mortgage Business Loans knows second mortgage lending and we keep the process plain and direct. We head off common mistakes like ignoring total loan to value or guessing the exit, because that can trigger default fees, delays, and pressure on your property.
You get practical structures such as loan sizes from twenty thousand to five hundred thousand, terms from three to twenty four months with most second mortgages running six to twelve months, and repayment choices that can be interest only or principal and interest with weekly, fortnightly, or monthly schedules, with interest capitalised in some cases. We look at real turnover of at least twenty thousand per month, your trading history which ranges from about six months for small loans up to five years for the largest amounts, and your equity position rather than leaning on credit score alone, and in strong cases total lending can reach about ninety percent loan to value ratio.
Loan sizes run from $20,000 to $500,000 for three to twenty four months, with most second mortgages running six to twelve months with extensions possible, and pricing is risk based and higher than bank lending. Total lending may reach about ninety percent loan to value ratio in strong cases, we accept residential or commercial security but not rural or lifestyle blocks, we expect at least six months trading history for smaller loans up to five years for the largest amounts, a minimum monthly turnover of $20,000, enough property equity, and we consider credit scores but never on their own, with fees such as application, valuation, and legal set out in the loan agreement and early repayment usually allowed under the contract.
Talk with us about second mortgage business loans in Wellington and get a clear, prompt quote and timeline. Call or send your deal details to Wellington Second Mortgage Business Loans and we will move fast to get you a workable offer.
