We have a few million $NZ we can access for second mortgage placement.
These are great options for people who have a deal that needs to be done and only need the lending for 12 to 24 months.
All deals on a case by case basis.
Product: Interest Only.
Term: 12 to 24 months.
Security: Residential Property.
Rate: 14% to 17%
Lvrs: under 75%
Max Amount: $100,000.
Right to pay down: Some lenders will allow principal payments.
This option is certainly worth a try and is very competitive with other available options out there at the moment.
This is a great option for people with lots of equity but you don’t meet the income requirements of the major lenders for what ever reason.
Security that can be used can range from Residential Real Estate to Farms to Commercial Real Estate.
Give us a try.
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