Private Lending
Private lending is a short-term financing solution that are not standard ‘off the shelf’ options but flexible and tailored to your needs and circumstances. We do not deal with any banks and only with private money. We assess against various security types and not your income stream. Each situation is different, so we study each application individually, taking our time to look at it effectively use our depth of experience and knowledge to analyze the situation with an exceedingly high degree of accuracy.
Typical Private lending facilities will include:
•Secured Lending to help your business grow faster.
• Construction & Development
• Vacant Land
• Commercial Property
• Urgent Bridging loans and short-term loans.
• Purchase, Refinance or Cash Out
• Business Loans
• Cash Out & ATO Debts
Construction / Development Loan Financing
Obtaining construction loans and development loans for projects has become increasingly difficult as major banks tighten credit.
Bohan Finance have proven consistently they can quickly source Construction Loans and Development Loans for projects nationally from Traditional and alternative funding sources. Bohan Finance construction and development loan solutions are fast, flexible, well-structured and provide strong commercial outcomes for their clients.
- Documents required for a business purchase loan facility.
- The current balance sheet of the business
- A full tax return for the business (less than two years old)
- Details of lease for business premises
- Details of your qualifications for running a business.
- Information about your personal assets and liabilities
- Details about the equity or deposit you have to invest in the business.
- Depending on your experience and the profitability of the business, you may also need to put
together forecasts of expected profit and loss and cash flow for the first two years.
Commercial / Industrial Loan Financing
Purchase of retail, industrial, residential, and commercial property
Construction retail, industrial, residential, and commercial property
Specialist securities such as childcare centers, hotels, motels, caravan parks and petrol stations
High LVR where you can borrow up to 80% of the property’s value.
True NO DOC commercial loans up to 65% LVR up to 25 years
Credit impaired solutions for those with a poor credit history
Lease Doc for investment purchases – no financials just rental income
Many more options available.
Home / Investment Loan Financing
Buying a home is one of the most exciting experiences you can undertake if you have the right experts by your side. As your home loan broker, we take your stress out of the home buying process by doing all the finance legwork for you. This allows you to focus on what is important i.e. finding the perfect home for you!
Since Home loans can be tricky to navigate and choosing the best one takes knowledge of the market and understanding of your personal situation, we help you make the best-informed decision. There are certain things all savvy property investors do, especially when they are starting out. Understanding the responsibilities of property investment and if it’s the right decision for you is the first step.
Setting out a strategy and researching suitable areas for property investment will help set you on a successful path as a property investor. And of course, setting your budget and making sure you are spending within your means is critical.
Once your finances are in order, it’s time to find the right investment loan. Getting pre-approval before you start searching for your investment property means that you can have the confidence to bid at auction or make an offer. Buying an investment means preparing for the long-term management of the property. Finding the right tenants early on, means that the ongoing management is easy and stress free.
As you embark on your property investment journey, we hope these tips are helpful.
Is buying an investment property right for me?
Property investment in Australia is a popular way to generate wealth – it’s an asset you can see and touch and you can generate income from first day you own it.
What is the right investment strategy for me?
Do you need rent to cover your mortgage payments, or are you looking for tax benefits?
What suburb and type of property should I invest in?
When you are comparing investment properties, it’s important to keep the properties tenant appeal top of mind. You should always ask yourself – can you attract good, long-term tenants to this
property?
How do I choose the right kind of Investment loan?
When you have decided on an investment strategy, you will need to make sure you’ve selected a loan that will maximize your goals for cash-flow and capital growth.
Do I need to get pre-approval for my investment loan?
- Once you have selected a loan product, a formal pre-approval is the next critical step in purchasing an investment property.
- Shopping around for an investment property to purchase.
- Shopping around for an investment property differs from buying for yourself because you must look for qualities in a property that you can see others enjoying.
- Finding tenants and a manager for the property
- Once the sale is finalized and you have taken over possession of the property you will need to find
- tenants and a manager for the property.
Business Purchase Financing
Documents required for a business purchase loan facility.
The current balance sheet of the business
A full tax return for the business (less than two years old)
Details of lease for business premises
Details of your qualifications for running a business.
Information about your personal assets and liabilities
Details about the equity or deposit you have to invest in the business.
Depending on your experience and the profitability of the business, you may also need to put together forecasts of expected profit and loss and cash flow for the first two years.
Medical Industries Financing
Medical and Dental Professionals
Seeking finance as a medical practitioner? Due to the security of the medical profession as an industry, lenders are more likely to offer professional loans for doctors at a great rate. Indeed, Bohan finance can open doors to attractive interest rates and favorable lending conditions. At Bohan Finance we specialize in providing finance for doctors and are by your side to ensure you get the best possible rate.
The Bohan Finance difference: You’re looking for finance for an investment property that want to buy and while you currently have 10% of the deposit in cash, many lenders will secure the purchase with lender’s mortgage insurance (LMI) due to the low deposit. But when you work with Bohan Finance, we can secure a home & business loans for doctors where LMI isn’t typically required and where you get the best possible rates and fees.
• Home Loans for Doctors
• Investment Loans for Doctors
• Commercial Finance for Doctors
• Business & Practice Loans for Doctors
• Asset & Car Loans for Doctors
• Self-Managed Super Funds for Doctors
Professional Industries Financing
Are you an industry professional in one of the following industries?
• Accountant
• Solicitor
• Barrister
• Financial Planning
• Do you require finance for the following;
• Working Capital
• Goodwill
• Purchase a new practice or a share in an existing practice.
• Professional office fit outs
• Equipment finance
• Home Loans
• Property Investment Loans
If you have certain industry qualifications and require personal or business finance for any of the above purposes your Professional Finance Brokers business consultant has the expertise to help you tailor a comprehensive financial package to meet your personal or business needs. Our business consultants have direct access to a comprehensive panel of major lenders who offer specific finance packages to the above industries. As recognition of your qualifications these packages are designed to provide concessional borrowing criteria and interest rates which offer you the flexibility to obtain finance reflective of your risk profile.
SMSF Financing Solutions
SMSFs are a powerful way to save for retirement, encouraging that vital nest egg to grow and ensuring your retirement is stress-free with the funds you require to live comfortably, on hand. If you have one, you can consider borrowing through an SMSF property investment loan to purchase a residential or Commercial income producing property.
Self-Managed Super Fund loans – key features:
- Residential Property loan applicants can borrow up to 80% LVR on terms of up to 30 years.
- Commercial property loans can be approved for up to 75% LVR with a term of up to 20 years.
- Rural property loans can be approved for up to 65% LVR on terms of up to 20 years.
- Interest only is available for all facility types with varying terms available.
Migrant / Non Resident Financing
Loans for Overseas Buyers
There are outstanding opportunities for property investment in Australia, whether you are an overseas citizen or an Australian citizen living and working overseas. If you are looking to purchase property in Australia as a non-resident, Bohan Finance can demonstrate a range of options that meet your requirements.
We have a strong record of providing finance and assistance to overseas residential property buyers and investors. Thanks to our strong network and direct access to an extensive range of lenders, GCC Home Loans always finds solutions, where often traditional lenders such as banks and mortgage lenders are simply not geared to help.
Residential property buying in Australia from overseas?
Your borrowings can be up to 70% of the purchase price of a new property in Australia.
If you want to refinance an investment property you are eligible to borrow up to 70%
Even though you are classified as a foreign investor, if you live in Australia or are married to an Australian citizen you have a higher borrowing level.
Migrants with temporary residence
While only select banks and lenders have policies available for temporary migrants, the opportunities to obtain a home loan are still very much available – although there may be certain conditions and extra requirements that will have to be met before approval. Temporary residents of Australia who have been issued with one of these long-term working visas: 457, 475, 487 or 495, 888A, B qualify for a home loan in Australia. To apply for this, you will need to prove that you have a steady source of income and, in many cases, need to obtain special permission from the Foreign Investment Review Board (FIRB). Some lenders might also ask you to provide evidence of overseas liabilities and bank accounts to help create a more complete financial profile of you before approving your request. Once these requirements are met, you may apply for a home loan worth up to 80% of the value of the property, with a 20% deposit as security. As a temporary resident, you are not entitled to the FHOG, or to have your stamp duty waived. A select number of lenders will allow student and bridging visa holders with stable incomes to borrow up to 80% of the value of the property, however there may be stricter eligibility rules involved in these cases.