Accepts ABNs > 12 months, 100% of all ongoing income (80% of rental), this product will appeal to borrowers who have been self-employed for 12 months or more. All defaults > 2 years ignored.
For those clients with some defaults and arrears, we accept 100% of most income types, and for start-up businesses we accept one-day ABNs and newly registered GSTs.
Under this loan, MKM takes the value of the land or the partially built / poor condition securities. Owner-builders accepted. Valued at ‘as is’ – not end value.
For loans that require individual consideration, MKM’s Specialised loan considers large defaults and arrears to find a workable solution for you and your client.
This is for company borrowers, company on title, excess builder’s stock, vacant land with DA potential. This product requires an accountant letter only for income.
For clients purchasing commercial security or re-financing, cash-out for a verified purpose. Acceptable securities are shops, offices, medical, factories, warehouse and mixed-use.
Customers we help
One day ABN
Assisting clients with start-up businesses or short term ABNs
Australians citizens earning foreign income, living in Australia or overseas
Partially built/poor condition
Owner-builders who need funds to finish construction
We help self-employed clients purchase vacant land up to 75% LVR
All income types
Worker’s compensation, income protection, Centrelink, child-maintenance
Shops, Offices, Medical, Factories, Warehouses and Mixed Use
MKM takes a common-sense, practical approach to each loan application, to see the commitment and potential that other lenders miss.