Name: Vairo Finance
Address: Bendigo, VIC, AU
Price range: $$$
Rating: 5

Question 1

How long do I need to be self employed to qualify?

Accepted Answer

Full documentation lenders generally want two years of tax returns and financials. Alternative documentation options can work from about 6 to 12 months of trading using business activity statements or an accountant declaration, at a rate premium of roughly 0.50 to 1.50 percent.

Question 2

What add backs can be used to improve my servicing?

Accepted Answer

Depreciation, one off expenses, interest on debts being refinanced, additional superannuation contributions and some director payments are commonly accepted. Which ones apply varies by lender, so we build the servicing case around the lender most likely to accept your figures.

Question 3

How much can I borrow against commercial premises?

Accepted Answer

Commercial lending typically caps near 70 percent of value, with pricing driven by lease quality, tenant strength and property type. Buying your own premises through a trust or self managed structure is common, and we work alongside your accountant on the ownership structure.

Question 4

How is a small development funded?

Accepted Answer

Usually to about 70 to 75 percent of total development cost, or around 65 percent of gross realisation, whichever is lower. Pre sales may be required above four dwellings. Terms run 12 to 24 months and are interest only through the build.

Question 5

Do you check feasibility before we apply?

Accepted Answer

Yes. We test the numbers against likely lender limits first, so you are not paying for a valuation and quantity surveyor report on a project that was never going to fund at the level you need.

Question 6

How long does approval take for complex lending?

Accepted Answer

Generally 2 to 6 weeks depending on the structure and how complete the financial information is. Commercial and development files move fastest when financials, contracts and costings are supplied together at lodgement.

Question 7

What does Vairo Finance do for business owners & developers?

Accepted Answer

We build the servicing case from your financials, add back the items lenders allow, and choose between full documentation and alternative documentation lenders based on what you can evidence. For small developments we test feasibility before the application so you are not paying for a valuation that was never going to work.

Question 8

What do the numbers usually look like for business owners & developers?

Accepted Answer

Full documentation lending generally needs two years of tax returns and financials and prices closest to standard rates. Alternative documentation options can work with 6 to 12 months of business activity statements or an accountant declaration, usually at 0.50 to 1.50 percent above standard pricing and capped near 80 percent of value.

Question 9

How is small scale development finance funded?

Accepted Answer

Small scale residential development is typically funded to about 70 to 75 percent of total development cost, or around 65 percent of gross realisation, with pre sales sometimes required above four dwellings. Terms usually run 12 to 24 months and are interest only through the build.

Business owners & developers.

What we do

How the numbers usually look

Development finance

ADF pay, allowances and postings.