'Full Doc' vs 'Lease Doc'

I recently visited commercial investment 53-55 Barkly St Mornington Vic as offered at auction this week by Stonebridge Property Group & Nichols Crowder.

I thought an opportune time explain the difference between ‘Lease Doc’ and ‘Full Doc’ commercial investment finance application pathways.

For those looking to acquire and finance commercial property as pure investment we are seeing a re-emergence of the Lease Doc.

This streamlined application process focusses in on the income afforded by the existing lease (s) in isolation as the source of repayment on the loan.

Overall the ‘Lease Doc’ application process is also less invasive which works for many borrower types.

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