Who is PropPay?

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In partnership with Marketplace Finance

PropPay specialises in Invoice Financing Style Funding on Rental Properties for Business Customers. Commercial and Residential Investment Properties Earning Rent are Acceptable and We Fund up to 10% of the Property Value

Why Should Your Customer Use PropPay?

  • Ideal for business customers who have property but are short on funds
  • Ideal for business customers who have rental property but are having difficulty borrowing money
  • Ideal for business customers who need a “top up” to make an overall deal happen
  • We sit to the side of all other lenders and don’t require mortgage security
  • We will fund even if the property has a high LVR or a number of mortgages
  • We are a true alternative option and cheaper than unsecured finance from cashflow lenders
  • We are flexible and look at every proposal on its merits

Key Commercial Terms1

  • Funding up to $500,000 (Typically property values between $0.5m – $10m)
  • One to three years term
  • Funding repaid from an agreed percentage of monthly rent receipts
  • We do not charge interest
  • Fixed monthly administration fee of 0.825% of the funding value
  • Low upfront establishment fee; typically 2% of the funding value
  • Limited recourse to the landlord
  • No Impact on landlord’s credit assessment/ generally no personal guarantees
Subject to approval. Terms, fees and conditions apply.

Typical Use of Funds

  • The purchase of the property
  • Transaction costs (e.g. stamp duty)
  • Prepaying interest on existing debt (e.g. for tax planning)
  • Renovations & refurbishments
  • Lease incentives for new or renewing tenants
  • Working capital (e.g. tax instalments, outgoings, etc)
  • Landlords personal needs

Why PropPay?

  • Quick & Easy

    Five business day approval and a single property lease agreement

  • Secure and enhance your brokerage

    Incremental funding to get ‘that deal across the line’

  • Solve your client’s funding needs

    Innovative short-term funding

  • Earn additional commission

    We pay attractive origination fees c.2%-3% upfront

An opportunity to have a refinancing discussion
with existing and past clients.

For further information on PropPay and to see how we can help you and your clients today contact us on 0418 391 396 or john@proppay.com.au