Lease Doc Business Loans
Simplifying the application process for commercial property investment lending.
At a glance
A Lease Doc loan with BOQ reduces the commercial lending documentation requirements and assesses serviceability on a standalone basis.
This means using the commercial lease of the property you're looking to buy, and the income from the lease, to service the debt of the property. This can make the process of acquiring finance for your commercial property purchase simpler and faster, helping you achieve your property goals sooner.
Why choose a Lease Doc loan?{yellow-border}
When you need a business loan, you may want answers fast, and you want a solution that suits your individual business needs. With a BOQ business loan, you'll have a business banking manager who will take the time to understand your business and finance requirements.
What is BOQ offering?{yellow-border}
- Business group lending up to $5,000,000
- Maximum loan term is the lesser of the remaining term of the lease (excluding options) or maximum interest only term
- Maximum interest only term is the lesser of 5 years or the loan term
- Loan-to-value(LVR) ratio up to 70% for standard commercial property
- Equity cash out available up to 20% of the market value of the security property*
- Pricing available on application.
What are the requirements?{yellow-border}
- ATO tax portal report showing all tax liabilities are up to date
(not required for new entities) - Copy of signed lease agreement
- Signed Business Lending Application Form
- Full valuation.
- Minimum 12 months of loan statements if you are refinancing the loan from another bank.
- For equity cash out transactions written confirmation of the purpose is to be provided
Ready to apply?{yellow-border}
Make an enquiry
- Enquire online now{icon-button}
- Call us on 1300 714 986
