Refinance commercial property and debt rescue when the incumbent will not wait.
An incumbent lender that has called the loan, or a facility about to expire.
- Facility
- $200K - $10M
- Term
- 6 - 24 months
- Conduct
- Assessed on the story
- Security
- 1st, or 2nd with consent
A deadline, not a verdict.
A default notice is a deadline, not a verdict. The asset is sound; the incumbent has simply decided it is not staying. That is the moment we refinance commercial property, and we price the conduct rather than judge it.
Send the notice with the submission. It changes the price, not the answer - and hiding it is the one thing that costs you the deal.
We refinance commercial property loans from $200K to $10M over 6 to 24 months, on a first registered mortgage or a second behind a first that stays. Servicing is not assessed and interest can be prepaid.
Send it like this
A few sentences gets you terms.
A light touch to submit, and no accreditation to clear first. Security, number, dates, exit - that is the whole submission. Below is one written for this scenario.
- To
- deals@alphaconcapital.com.au
- Subject
- Refinance & debt rescue - indicative terms?
Incumbent has issued a notice to complete, payout $1.28M, deadline 28 Oct. Security is 9 Sample St, Newcastle NSW 2300, val six months ago at $2.1M. Arrears came from a tenant default that has since been re-let - lease attached. Exit is a refinance to a major once twelve months' clean conduct is on the board.
How credit structures it
How we price a refinance or a debt rescue.
Payout figure and a settlement date, immediately
We confirm we can hit the date before anything else. A refinance that lands after the deadline is worse than none.
Interest prepaid so nothing is missed
A client coming off a default shouldn't have a payment to make. Prepaid from the advance where the LVR allows.
An exit that is a real refinance
Debt rescue is a bridge to something. Show us the path back to a bank and we'll set the runway to reach it.
Refinance and debt rescue parameters
- Facility
- $200K - $10M
- Term
- 6 - 24 months
- Security
- 1st, or 2nd with consent
- Credit
- On the story, not the score
- Servicing
- Not assessed
- Borrower
- Company or trust
A debt rescue prices on the security, the conduct behind the arrears and the exit, so it is quoted per deal rather than off a board rate. As a private lender we are not held to a bank's credit policy on conduct, which is what makes a non-bank commercial property refinance possible after a bank has already said no. A second mortgage is possible with the first mortgagee's consent and prices on Alphacon Second, and interest can be prepaid where the facility is not being serviced monthly. Where the client wants capital out at the same time, that is a commercial property cash out refinance and it prices as an equity release.
Indicative. Subject to credit assessment, a panel valuation and satisfactory security.
Send this
What kills it
- The incumbent's payout figure, default notice or notice to complete, with dates
- Six months' statements on the facility being refinanced
- An explanation of the conduct - what happened and what has changed
- The exit strategy and any evidence supporting it
Conduct that is not explained
Arrears with a reason are workable. Arrears with silence are not.
A deadline that has already passed
Tell us the mortgagee sale date on the first call. We can often move fast enough - we cannot move backwards.
Undisclosed second registrations
They surface on the searches either way. Better from you than from our solicitor.
That is the whole file. Send it and we will come back with a position.
Broker questions
Commercial property and business loan refinance, answered.
Will defaults or a judgement stop the deal?
Not on their own. We assess the security, the LVR and the exit, and we want the story behind the conduct. Adverse credit is priced here rather than declined, so a client looking to refinance a business loan with defaults behind them still has a file worth submitting. Undisclosed adverse credit is the problem - it is a carve-out on our own guarantee for a reason.
Can you refinance a commercial property loan the bank has called?
Yes, and it is the most common file we see on this page. A called loan is a deadline rather than a verdict on the asset, so we work from the payout figure, the notice and the date printed on it. Send the notice with the submission. What we price is why the conduct went wrong and what has changed since, not whether the file is clean.
Do you refinance short term business loans from other private lenders?
Yes. A short term business loan that is expiring, or one written at a rate the client cannot carry for another term, refinances the same way a bank facility does: payout figure, security, exit. Tell us who the incumbent is and whether anything has been issued in writing. If a caveat or a second registration sits behind them, we need that at submission rather than at searches.
How fast can you take out an incumbent?
Same-day indicative terms, then as fast as the valuation and legals allow. Where a mortgagee deadline is in play, tell us the date up front and we will tell you honestly whether we can make it.
Can you refinance a facility already in receivership?
Sometimes. It depends on the receiver's instructions and the equity position. Bring it to us early with the appointment documents.
Does my client need to be up to date on rates and land tax?
They need to be paid or adjustable at settlement. Outstanding statutory charges rank ahead of our mortgage, so they are a condition precedent rather than a preference.
Your deal deserves a decision-maker.
Security, the number, the dates and the exit - that is the whole submission. A light touch to send it, no call centres, a straight answer the same day.