About Us
Bank timelines don’t match your cash flow needs and your equity sits locked in property. We fund second mortgage business loans in New Plymouth with short term, property secured lending for bridging needs, working capital, tax payments, stock or equipment buys, and refinance while you set up longer term funding.
Our team at New Plymouth Second Mortgage Business Loans knows second mortgage lending and we keep the process plain and direct. We head off common mistakes like ignoring total loan to value or guessing the exit, because that can trigger default fees, delays, and pressure on your property.
You get workable terms between 3 and 24 months, with most second mortgages running 6 to 12 with possible extensions, pricing is risk based and higher than bank lending, and all costs such as application, valuation, and legal are set out in the agreement with early repayment allowed under contract. Common mistakes are asking for more than the equity supports, skipping a clear exit, or underestimating total cost, and those choices can slow approval, add fees, or cause decline.
Loans run from twenty thousand dollars to five hundred thousand dollars with terms from three to twenty-four months, and most second mortgage business loans run six to twelve months with extensions possible. We secure against residential or commercial property in New Plymouth and not rural or lifestyle blocks, pricing is risk-based and higher than bank lending, eligibility grows with time in business from six months for smaller loans up to five years for the largest with a minimum monthly turnover of twenty thousand dollars, interest can be paid weekly or fortnightly or monthly, early payment can be allowed under the contract, total lending may reach about ninety per cent loan-to-value in stronger cases, and application, valuation, legal, and other costs are set out in your loan agreement.
Talk with us about second mortgage business loans New Plymouth and get a quick quote today. Call or send your basics and we will confirm terms and timing fast.
Fast Approvals - $20k to $500k
