Bridging Finance or Mezzanine Finance
Short Term Finance is usually secured by Caveat or Second Mortgage and is for Business and Investment purposes. However we will look at alternative security if there is a shortfall in available equity.
Short term business loans can be used to assist with working capital management and to assist with business funding for short term cashflow issues. In many cases these short term business loans are used to bridge the funding gap.
Private Funding can also be used by developers to assist in financing their next project as well as for construction funding and often require less presales than required by traditional lenders.
Loans from $20,000 to $10,000,000
Loans up to $2,000,000 can be settled within 24 hours
Extended 12 month terms available to suitable applications
Competitive pricing and flexible fee structure.
60 minute approvals
Chattel Mortgage
A Chattel Mortgage is a commercial finance product where the customer takes ownership of the vehicle (chattel) at the time of purchase.
Under a Chattel Mortgage the financier advances funds to the customer to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase.
The financier then takes a "mortgage" over the vehicle as security for the loan, by registering a Fixed and Floating Charge with ASIC. Once the contract is completed, the charge is removed giving the customer clear title to the vehicle.
Commercial Hire Purchase
A Commercial Hire Purchase (CHP) is a commercial finance product where the customer hires the vehicle from the financier for a fixed monthly repayment over a set period of time. Commercial Hire Purchase can also be known as a Corporate Hire Purchase, Hire Purchase or Offer To Hire, and is often abbreviated as CHP or HP.
Under a Commercial Hire Purchase (CHP) arrangement the financier agrees to purchase the car on behalf of the customer, and then hire it back to them over a set period of time. The customer has the use of the vehicle for the term of the contract but is not the owner of the vehicle.
At the end of the contract term when the total price of the vehicle (minus any residual) and the interest charges have been paid in full, the customer takes ownership of the car.
Finance Lease
A Finance Lease is a commercial finance product which enables the customer to have the use of a car or commercial vehicle and the benefits of ownership, while the financier retains actual ownership of the vehicle. A Finance Lease can also be known as an Asset Lease or Vehicle Lease.
The financier purchases the vehicle on behalf of the customer, who then leases the vehicle back from the financier and pays a fixed monthly lease rental for the term of the lease. At the end of the lease the customer can either pay a residual value (final instalment) on the lease and take ownership of the car, trade it in or re-finance the residual and continue the lease.
Low Doc Loans
Marnic Financial Services offer a range of Low Doc Loans that will suit most industries. We have access to a large range of lenders to secure the funds you need quickly without fuss.
