Indicative loan-to-value ratios for business-purpose first and second mortgages on eligible metropolitan property.
Second mortgage figures are combined LVR, including funded interest and fees. The lender assesses the address and valuation to determine the limit. Regional property is assessed individually.
Tell us how much the business needs, what it’s for and the details of the property you’ll use as security.
02
Review indicative terms
If your scenario fits, we’ll explain the proposed loan, its costs and the information needed for assessment.
03
Assessment and settlement
The lender reviews your application. Settlement follows formal approval and completion of the required checks and documents.
Tell us about your loan
Step 1 of 2
Loan details
Contact details
Loan details
Amount needed in hand
$
Purpose of funds
Select a business purpose
Working capital
Business debt refinance
Settlement funding
Business acquisition
Other business purpose
Property address
Estimated property value
$
Optional. A rough estimate is fine.
Existing debt on the property
$
Not sure
Enter 0 if there’s no debt.
Website
Contact details
Your name
Phone number or email
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We’ll use these details to respond to your enquiry. Privacy policy.
A second mortgage may let you raise funds for your business while keeping the existing loan. We assess the total secured debt, the first lender’s requirements and how you plan to repay the additional loan.
How much could I borrow?
Loans start at $50,000. The amount depends on the lender’s valuation, existing secured debt and the loan-to-value limit for the property’s location and type. We also assess how you’ll repay the loan.
How soon can I get an answer?
We can generally provide indicative terms within 24–48 hours once we have enough information. Formal approval and settlement depend on the lender’s assessment, valuation and legal checks.
Do I need full financial statements to enquire?
For an initial assessment, start with the property and loan details, including the estimated value, current debt and repayment plan. The lender may ask for financial statements and a formal valuation as the application progresses.
Does Innovate Funding lend directly?
Innovate Funding funds selected first and second mortgages directly. For other deals, we may arrange finance through a private or non-bank lender. We explain the proposed arrangement before you decide whether to proceed.
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