We recognise that no two businesses are the same and every business loan application requires a specific finance strategy to significantly simplify the application process and fast-track the approval time for any substantial or small loan lending.
The first step in any commercial lending process with ONYX Finance is for our clients to understand the application process and identify any hurdles that may arise that will require our professional innovative finance solutions to assist with securing their business goals.
Our step-by-step process has been specifically developed to provide our clients with the confidence to understand the lending process along with technical information that is not always explained upfront by other lenders.
ONYX Finance specialises in providing first mortgage commercial property finance between $100,000 and $5 million to owner-occupiers and investors for :
- Property purchases
- Refinancing of an existing loan
- equipment finance
- Equity release for property improvement, investment, working capital and business expansion
We offer home loan-like terms from 6 months and up to 25 years. Whether interest only, fixed-rate or principal and interest payments, we have a range of loan options to suit your needs and property holding intentions.
Our loans offer exceptional flexibility and value. You can choose from :
- Full Doc to 75% LVR – Up-to-date financial statements and tax returns
- Mid Doc to 70% LVR – Self-certified income supported by an accountant’s letter
- Quick Doc to 65% LVR – Self-certified income
- Self Managed Super Fund Loans to 75% LVR – historical member contributions, income from the property and investment income from the other assets of the Fund (max $3 million)
Benefits of ONYX Finance Commercial loans :
- No ongoing fees
- No annual reviews
- No regular property revaluations
- No cross-selling or cross-collateralisation of securities
- Long or short loan terms and interest-only periods
- Quick decisions and fast turnaround times
- Access to the people who make the decisions
- A lower total cost of borrowing than the major banks
ONYX FINANCE lending is catered for :
- Companies (private and public)
The types of property we accept as security include :
- Strata offices and office blocks
- Industrial units, factories and warehouses
- Retail premises, including mixed-use
- Professional rooms and suites
- Residential unit blocks (min 4)