Vivian Locke Capital

Introducing Vivian Locke Capital

ABOUT US

Vivian Locke Capital is one of Australia's fastest growing specialist commercial lenders.

We specialise in commercial mortgages for Australian based companies.

We have a $30million funding line that is specifically set aside as a non-bank, low document facility.

Our loans are secured and open to Australian property nationwide.

PARAMETERS

Loans from $100,000 to $4,000,000
No minimum loan term up to a maximum of 18 months
2nd Mortgages from 1.75% per month
Short term 1st Mortgages from 1.25% per month
Caveats from 2% per month
A maximum of 75% LVR against residential security
Commercial property and land are also accepted
The LVR will be lower than residential and assessed case by case
No postcode restrictions – Australia wide lending
Payments are interest only
Company borrowers are required

VALUATIONS

Valuations of our client’s security are always carried out at fair market value.

We engage a highly professional panel of valuers, who we can rely on to give accurate property reports.

Valuation quotes are provided before valuation and clients proceed independently if they are happy with the pricing offered.

We always make sure that our core value of ethical transparency is upheld.

ASSESSMENT REQUIREMENTS

What we require for a letter of offer:

Clear commercial use of the funds with the amount required

The full address of the proposed security and details of the security type (E.G. House, land, commercial premises, warehouse, office etc.)

The client's estimated value of the proposed security

The current debt level on the security property

The term required (1-18 months) and the exit strategy after our term expires to pay out the balance

Details of the guarantor(s) and their ID

Details of the borrowing entity with their ABN and the nature of their business

HUNTERS HILL, SYDNEY, NSW

Our client operates a highly successful logistics business around New South Wales. This client required four large prime mover trucks to join his fleet to meet the additional demand for his growing services: This would cost $680,000 to ensure he had the right vehicles for the new contracts.

These new contracts were very lucrative and asset finance approval via his broker seemed straightforward. Unfortunately, the funders he had pre-approval with wouldn’t assist due to his extensive finance commitment schedule and the broker had to seek another solution.

The client had a large Hunters Hill residential property which had a small mortgage attached to it with a major bank. With this substantial equity, we were able to offer the client the $680,000 he required across a 5-month term as a second mortgage. The client paid interest only for these 5 months with Vivian Locke and paid us out by refinancing his home property with a major bank.

TOORAK, MELBOURNE, VIC

We had a client who required $320,000 to remove his ATO debt, purchase significant stock and to ensure he had enough working capital while he restructured his wholesale furniture business.

Being in debt to the ATO, our client was precluded from applying with many of the major banks and funders, despite being asset backed with multiple properties. As a solution, the client offered a lowly leveraged investment property as collateral and we were able to offer him a second mortgage.

Now trading strongly because of the restructure, the client is quickly moving all the stock he purchased and is now eligible to attain finance through the banks because of the removal of tax debt. This was an excellent solution for our client and a great example of a short-term loan that paid dividends.

2nd Mortgage & Caveat Loans