Private Lender for Automotive Businesses

Yes. The loan funds are paid to the company to buy parts and pay the extra staff. The insurers' payments for the hail repairs can be part of the exit, with a refinance or a property sale behind them. Bring the number of booked repairs and the insurers' payment terms.

• →Secured finance for automotive workshops

It can. We lend on the dealership property as it stands, by first or second mortgage, and the change in how new cars are sold does not on its own decide the loan. We look at the value of the property, the equity inside the 70% limit and the exit, which is usually a refinance once a year of trading under the new model is on record.

Yes. We lend a single amount at settlement, so the lifts, tooling and training are paid for in one sum. The exit is usually a refinance once the new bays are trading, or the sale of another property.

We can fund the purchase of used caravans, but the caravans are never the security. The loan is secured by the dealership property the company owns or a director's home. The loan funds are paid to the company, which buys the used stock. The exit is usually the sale of that stock over the term, with a refinance or a property sale behind it.

Yes. If the freehold is valued at $1,200,000, the 70% limit allows up to $840,000 secured by the workshop property itself. The $300,000 for the business, and the rest of the property price, can be covered by a director's home added as additional security. The usual exit is a refinance to a bank once your company has the two years of figures, and the term can run up to 24 months.

We value the industrial property in its current condition, so known or likely contamination is taken into account, and the reports that exist are what our valuers work from. A site investigation, even a preliminary one, gives them more to go on than an assumption. We lend on contaminated and former industrial land, and the loan is based on what the site is worth today.

• →Buying a contaminated or former industrial site

Yes. The loan funds are paid to the company, which pays the deposit to the financier. The exit is usually the summer season's trading or a refinance of the investment property, so bring the bookings already taken for the season.

It can. We lend on the dealership property as it stands, and the end of the dealer agreement affects how the loan is repaid rather than whether we lend. The exit could be a lease to another dealer or business followed by a refinance, or the sale of the property. Tell us which you are planning, and we will set the term to suit.

• →Private business loans for automotive dealership finance

Yes, where the four properties carry enough equity inside the 70% limit across all mortgages. The loan repays each bank from its payout figure at settlement, and all four properties secure the one loan. The exit is a refinance to one long-term lender, so start that application while our loan is in place.

• →Secured debt consolidation loans

Yes. 70% of $2,200,000 is $1,540,000, so after the $900,000 owing there is room for up to $640,000 on a second mortgage over the showroom property. Ask your lawyer to document how the shares are transferred, and bring us the agreed price and the date. The usual exit is a refinance once the business is trading under one owner.

No. We take a first or second mortgage over the dealership, workshop or service station property the company owns, or over a director's home or investment property.

No. Our loan is separate from your floor plan, which continues to finance the vehicles as it does now. We pay the funds to the company, which uses them for the premises, an upgrade, a tax debt or working capital.

Yes. We value the freehold service station property in its current condition, taking the environmental reports into account, and we never lend on the value the site would have after remediation. We fund the purchase, the reports and holding costs, but not tank replacement or remediation works.

Where the company leases its premises, the security is usually a director's home or investment property, or another property held by the company. That is a common pattern for workshops and panel beaters. The loan is still made to the company, and the total must stay within a 70% loan-to-value ratio.

No. We lend a single amount at settlement and do not fund progress payments to a builder. The refurbishment or fit-out budget can be included in that amount, as long as the total stays within 70% of the property value.

We lend from $250,000, with larger loans assessed case by case, up to a 70% loan-to-value ratio across all mortgages over the property. Terms run from 1 to 24 months, and most borrowers use the loan for 3 to 6 months while the refinance or sale completes. Rates start from 9.7% p.a. on a first mortgage and 11.95% p.a. on a second mortgage.

We make a decision in hours, and settlement within 24 hours is possible on a complete file with clear title and a defined exit. Because we lend our own funds and our valuers are in house, the timeline depends mostly on how quickly the contract, the manufacturer's requirements or the environmental reports reach us.