A commercial unit under contract. A week to fund it.
A Sydney buyer had a commercial unit under contract and no time to sit through a full-doc application. We arranged a $350,000 low-doc commercial mortgage against the unit itself, and it funded in under seven days.
The challenge.
The client was in Sydney with a commercial unit under contract and a short window to buy it. Deals like that don't wait for paperwork. He needed the finance moving before a standard full-doc process had even asked for its first year of financials. That's the trade most borrowers hit here. The full-doc route is cheaper, but it wants tax returns, financials, the lot, and it runs on the lender's clock, not the vendor's. He had the opportunity in front of him and not the weeks it takes to package a full application.
How we structured it.
So we went low-doc. A $350,000 commercial mortgage against the unit itself, written on a lighter set of documents instead of a full financials pack. The security did the heavy lifting, which is what let us keep the paperwork short without the file falling over at credit. Low-doc isn't no-doc. The lender still had to see the borrower could carry the loan; it just didn't need two years of returns to get there. We built the file to answer that one question directly and left out everything that wasn't load-bearing.
The outcome.
Funded in under seven days. $350,000, and the unit was his. He bought on the vendor's timeline instead of losing the deal to a slower lender. That's the point of low-doc done properly: not a shortcut around credit, a way to move at the speed the opportunity actually runs at.
Services behind this deal.
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