Alphacon FastLow doc commercial property loans
When the settlement date is the whole problem and the file has a wrinkle.
Alphacon Fast is a first mortgage loan of $200k–$10M over 6–24 months, to 75% LVR, from 9.49% p.a., for company and trust borrowers.
Indicative terms the same business day. No accreditation needed to submit.
From
9.49%
24hr approval
- Facility
- $200K - $10M
- Term
- 6 - 24 months
- Indicative
- 24 hours
When to use it
When the date is the deal.
Fast is the product for a deal that has to move and cannot wait for a story to be tidied up. Credit is not scored, income is self-declared, and the assessment sits on the security and the exit.
One advance, one repayment at the end of the term, over metro security. If the date is real and the equity is there, this is the one that hits it.
- A settlement or deadline inside weeks, not months
- Something on the file that would slow a scored assessment
- Metro security with clear equity
- Interest prepaid or capitalised, no monthly payment to manage
What it costs
What your client pays
- Establishment fee
- From 1.65%
- Loan management fee
- From 0.10% per month
- Risk fee
- Applies, see schedule
Risk fee runs 0.40%-0.70% of the loan depending on security, $1,980 minimum. Clean enough and we will move the deal to Alphacon Bridge and drop it entirely.
Full schedule across the panelWhat credit will and won’t do
- Facility
- $200,000 to $10,000,000
- Term
- 6 to 24 months
- Max LVR
- 75%
- Mortgage position
- First mortgage only
- Credit score
- Not assessed
- Income
- Self-declared
- Repayment
- Single repayment at the end of the term
- Location
- Capital cities and select metro; above $3M, Sydney, Melbourne and Brisbane
Indicative from 9.49% p.a. Every facility is subject to credit assessment, a panel valuation and satisfactory security.
How to place it
A few sentences gets you a position.
Send the scenario
Security and address, the number, the dates, the exit. Email it, call it in or send it through the form - a light touch either way, and no accreditation to clear first.
Credit reads it
Not a queue. An indicative position the same business day, and a straight answer on where it prices if it isn't here.
You keep the client
We deal with your client on this transaction only. No cross-sell, no retention calls, commission disclosed up front.
Ready to place one?
Send the security, the number, the dates and the exit. You will have an indicative position the same business day.
Common questions
Alphacon Fast, answered.
How fast is fast, honestly?
Indicative terms the same business day on a complete submission. From there it is the valuation, the legals and any first-mortgagee consent - so days, not weeks, once documents are out. If a date is fixed, tell us on the first call and we will say plainly whether we can make it.
Does adverse credit kill it?
No. Credit is not scored on Fast. Undisclosed adverse credit is the problem, not adverse credit itself - it is a carve-out on our own guarantee for that reason.
What counts as metro?
Capital cities and select metro areas. Above $3M we are limited to Sydney, Melbourne and Brisbane. Regional or complex security prices on Alphacon Reach instead.
Self-declared income - what do you actually want?
A statement of position from the borrower, and the exit evidenced. We are lending against the asset and the exit, so the income line tells us the shape of the file rather than deciding it.