Medium to long term loan specifically designed to enable LPB to book loans which have been utilized to fund, re-finance and/or enhance non-residential property.
Medium to long term loan specifically designed to enable LPB to book loans which have been utilized to fund, re-finance and/or enhance non-residential property.
Understanding all details around this product will help you decide if this is the right product for you.
Prime linked and risk based.
Property finance: the loans are to fund the purchase, re-financing and additions/alterations of non-residential properties
Maximum LTV of 100%. Not for consolidation of debt and/or settlement of creditors.
Primarily based on the property being bonded, being able to generate sufficient rental/lease income from either the owner tenant and/or contracted tenants. Positive Free Cashflow and Debt Service Cover ratios are key for consideration.
Depend on affordability, serviceability and on the credit decision taken.
Rental/lease income supported by rental or lease income agreements offering a minimum of 3 years to run.
36 - 120 months
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