Alt Doc Construction Loan Through Trust for Self-Employed Borrower
Purpose
Self-Employed IT Industry
Location
QLD (CAT 1)
Loan Amount
$1,700,000
Scenario
After working in the IT industry for many years, Mr A was looking to construct a new dwelling on his property in Queensland.
He could cover knocking down the existing home on the block with his own money, but needed extra funding to construct a new dwelling and was looking to borrow through his trust.
Like many self-employed clients, Mr A hadn’t completed his latest tax return so he needed an Alt Doc solution.
How did Brighten help?
With the Brighten Easy Builder® Alt Doc Construction Loan, we helped Mr A obtain finance through his trust. His accountant simply provided a declaration to accompany Mr A’s own, which was all we needed to verify his income.
Brighten Easy Builder® is a house and land construction loan with progress payments. It’s designed to help both Full Doc and Alt Doc borrowers build their home, with loan sizes of up to $10 million and LVRs of up to 80% (depending on the end product).
Fees, charges, and lending criteria apply.