Urgent Short Term Loans to Buy a Freehold Childcare Centre

It does not change what we assess. We value the centre with the lease in place, so we need the lease, the rent the operator is paying now and any rent arrears, whoever the seller is. A receiver may not have run the property for long, so ask the receiver for the operator's payment history and ask your solicitor to confirm what the contract says about the lease. Send us the contract and the lease as soon as you have them, and we can book the valuation.

• →Urgent loans when a receiver is appointed

The loan works on those figures. The company is the borrower, and with both properties as security, 70% of $5.3 million is $3,710,000, so the company would put in about $790,000 of the price and have about $210,000 left for stamp duty and costs. Ask your solicitor for the stamp duty figure in your state, because $210,000 may not cover it and the other purchase costs. Send us the lease to the operator with the contract, because our valuers assess the centre with that lease in place.

• →Private lending for childcare centres

Yes. We lend on the freehold property, so the loan can settle on the property contract date while the seller keeps operating until the transfer is approved. Your solicitor should document how the seller occupies the centre in the meantime, such as a short lease, because our valuers and the bank that later refinances you will both look at it.

We need to learn your scenario further. A centre without a paying tenant is valued differently from one with a lease in place, and we lend up to 70% of that value, so the amount may be lower than your current loan. Another property added as security can make up the difference, and a new lease signed during our term puts you in a position to refinance with a bank.

• →Refinance business loans

Yes. We refinance completed centres, valued as built with the operator's lease in place, up to 70% of that value. We do not fund construction, so the building work needs to be finished before our loan settles. Send us the lease, the occupation certificate or your state's equivalent, and the date the construction loan expires.

No. We lend on the value of the freehold with the lease in place, so the rent-free months do not stop our assessment. The plan to repay us has to allow for them, for example a term that runs past the end of the rent-free period, so the bank refinancing us can see rent being paid.

It does not put our loan at risk, but it may move your settlement date. The Department of Education requires the seller to notify it at least 42 days before selling, and four weeks is less than that, so ask your solicitor whether the contract date needs to change. We can agree the loan now and settle on the new date once it is set.

Yes. The loan can be secured by the house you are buying, or by the house and the centre together if you need a larger amount, up to 70% of the lower of value and price on the house. Council approval to use the house as part of the centre is a separate process, so ask your planner about the timing before you exchange.

• →First mortgage finance

Yes, where the centre supports the loan. Terms can come back within hours of your enquiry, and settlement can follow within 24 hours of a signed letter of offer, which leaves most of the 30 days for the valuation and the contract. We lend up to 70% of the lower of the value and the price, so send us the investor's offer and the lease clause today.

• →Urgent commercial property purchase loans

Yes. Together the two centres are worth $5.7 million, and 70% of that is $3,990,000, which covers the $3.5 million price. The centre you are buying can also be added as security if you want to borrow towards stamp duty or works, within the same 70% limit.

We need to learn your scenario further. Our valuers look at the centre itself, its lease or trading figures and demand in the area, and our decision rests on that value and your plan to repay. A bank will refinance us later, so tell us exactly what this bank said, and the repayment plan can take it into account.

• →Bank finance fell through

In NSW, the Early Learning Commission says both providers must notify it at least 60 days before the intended transfer date. Plan the property settlement around that date, and we can agree terms well before it.

No. The Department of Education says a buyer must apply for its own Child Care Subsidy approval, even if the service was already approved, because the provider has changed. It cannot grant your approval until the seller's approval is cancelled.

Yes. A centre leased to an established operator is valued as an investment property, with the lease taken into account. You do not need to be the operator to borrow.

We need to learn your scenario further. We value the property and the lease in place, so trading history is not the basis of our decision, but it does affect how and when a bank can refinance us.

No. The loan is secured by the freehold property, and by other property you own if needed. The service approval, the Child Care Subsidy approval and the business are never the security.

Yes. Fit-out and compliance works can be included in the loan at settlement, within 70% of the property value. Send the quotes with your enquiry.

Same-day settlement is possible where the approvals allow, depending on your scenario. Our valuers need access to the centre, which the operator can usually arrange quickly.

• →$1.9 million for a business to buy its own premises, with terms in 2 hours
• →$1.2 million second mortgage funded within 24 hours
• →$3.2 million funded in 24 hours

Yes. As well as childcare operators, we lend to education, allied health and other service businesses for working capital, such as staff costs, compliance works and a refit around a transfer.

• →Childcare and early learning lending
• →Working capital loans