Buying a Pub? Urgent Short Term Finance to Settle on Time

The loan can be ready by the settlement date, because it is secured by the freehold, not the licence. Whether you can settle before the licence transfer is approved depends on the receiver's contract, so ask your solicitor how the contract deals with it. Send us the contract, and the going-concern valuation if you have one. We value the freehold ourselves, and we can issue terms within hours of having the property details.

• →Urgent loans when a receiver is appointed

About $2.52 million against the pub alone, if our own valuation also comes in at $3.6 million. We lend up to 70% of the lower of the assessed value and the price. With your $420,000 deposit paid, $3.78 million is due at settlement, which leaves a gap of about $1.26 million plus stamp duty. That gap can be covered by adding your home or an investment property as further security, as long as the total stays within 70% of the combined value. Send us the contract, the bank's valuation and details of the other property, and we will confirm the amount.

The whole freehold. The security is the land and every building on the title, so the rooms upstairs and the bottle shop building are part of the property we value, on a going-concern basis. If the bottle shop sits on its own title, that title can be added to the same mortgage. Send the title search with your enquiry so our valuer knows what is included.

Yes. A bridging loan can be secured by both freehold pub properties, the one you are buying and the one you are selling, as long as the total stays within 70% of their combined value. The sale of your current pub then repays the loan. Set the term with time to spare beyond your selling agent's estimate, because a pub sale can take months. Our terms run from 1 to 24 months.

• →Bridging loans

Yes. Our valuers are in house, so the valuation does not wait for an outside valuer to become available. Terms can be back within hours of your enquiry, and once the letter of offer is signed, settlement can follow within 24 hours. Most of a three-week window goes on getting the seller's trading figures and lining up the licence transfer with your solicitor. Ask the selling agent for the last two to three years of profit and loss statements on the first day.

• →$1.88 million settled in 48 hours when a bank was delayed

It can. Because you already trade the venue, the trading figures are your own, which makes the going-concern valuation quicker to prepare. We lend up to 70% of the lower of our assessed value and the agreed price, and another property you own can be added for the rest of the price and the stamp duty. Send the landlord's offer, your last two years of trading figures and the date the landlord needs an answer.

• →Buying a pub or bar with a private lender

Yes. We can repay the current lender from its payout figure and set a term that runs past the 12 months of trading the bank wants, as long as the loan stays within 70% of the pub's value. The bank refinance is then the exit. Bring the bank's email or letter setting out what it needs, because it shows us the date the refinance can happen.

• →Urgent loans when a private loan is expiring

It can, within the 70% limit. On a $3 million price with a matching valuation, the pub alone supports up to $2.1 million, so the duty fits only if your deposit and the bank loan leave room inside that figure. If they do not, another property you own can be added as security to cover the duty. Ask your solicitor for the exact duty figure first, then send it to us with the contract.

• →Urgent loans for a settlement shortfall

It can, as one lump sum at settlement. If the price and the $600,000 together sit within 70% of the pub's value, plus any other property you add, the loan pays both at settlement and the business then pays the builder. We do not release money in stages as building work is completed, so get fixed quotes before you apply. Once the upgrade is done, the bank refinance repays us.

About $330,000, lent to the company. The amount is set by the property: 70% of $900,000 is $630,000, and the $300,000 already owing leaves about $330,000, which is above our $250,000 minimum. That would be a second mortgage behind your current lender, from 11.95% p.a. If the second venue costs more than that, a second property is the way to lift the amount. Tell us the price and what you have saved, and we will work out the figures.

• →Second mortgage finance

It can. We lend where the property has a realistic market if it had to be sold, and the distance affects the valuation and the amount rather than ruling the loan out. Our in-house valuers inspect regional venues as well as city ones. Send the address, the seller's trading figures and the settlement date, and we will tell you what the property supports.

• →Hospitality lending

We lend on the freehold property. The pub is valued on a going-concern basis, which takes the trading figures into account, but the security is always the land and building. If you are buying a leasehold pub business, we can lend using another property you own, such as your home or an investment property.

We ask about experience because it affects how the venue trades while our loan is in place. If you are new to hospitality, tell us who will run the venue as licensee and what their background is. An experienced licensee and a clear refinance plan make a strong application.

Yes, the loan can pay for them, as long as the total stays within 70% of the property value. The machines and stock are what the money buys, never the security. The security is the freehold pub property and any other property you add.

It depends on the size of the venue and how quickly the trading figures are available. Because our valuers are in house, we can usually assess a pub within a few business days. Having the seller's profit and loss statements ready when you apply is the best way to speed it up.

Yes. Most pub buyers plan to move to a bank once the venue has 6 to 12 months of trading under their ownership. Our terms run up to 24 months, and the letter of offer sets out the early repayment terms so you know the cost of refinancing early.

We can issue terms within hours and settle within days, and same-day funding is possible depending on your scenario. Having the seller's trading figures ready is the best way to speed up the valuation.

• →$1.15 million for a pub operator in 4 business days, with terms in 2 hours
• →$250,000 for a Brisbane café in 36 hours
• →$3.2 million funded in 24 hours

Yes. We fund pubs, hotels, restaurants and cafés for working capital, including stock, staff and refurbishments, as well as purchases.

• →Hospitality lending
• →Working capital loans

Yes. Many buyers add a second mortgage over their home or an investment property to cover the part of the price the pub alone will not support. Because the loan is for a business purpose, it is not a consumer loan, and the total borrowing must stay within 70% of the combined property value.