Meet Sam...

Sam* owns a plumbing supply business and is looking to purchase a warehouse to store stock and run his business from. 

Broker helps tradie buy a warehouse for his business



  • Sam owns and operates a successful plumbing supply business. 
  • He was looking to purchase a warehouse to store stock and run his business from. 
  • Sam's company was doing well, though he was yet to complete last year's tax return. 


His current situation

  • Looking to purchase a new warehouse, Sam's landlord offered him the opportunity to buy the one he was currently renting. With the loan repayments potentially being less than the rent, this was an attractive opportunity.
  • With sustainable income from his business and a great credit history, Sam could afford the repayments. 
  • Sam found traditional lenders wouldn't accept an Accountant's Letter, which he needed to use for income verification since he hadn’t yet filed last year’s tax return.


Real life solution

  • Pepper Money was able to offer him an interest-only Near Prime Alt Doc Commercial Real Estate (CRE) loan option at 70% LVR, with a 30 year loan term.
  • This allows for alternative income verification through:       
    -  24 months registered ABN
    -  12 months registered GST
    -  A declaration of financial position plus one of the following: 12 months Business Bank Statements (inclusive of last 1 month), 12 months BAS
    -  Pepper Money Accountant's Letter




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* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

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