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A Lease Doc Loan is a type of commercial loan assessed purely on the rental income generated by the property being purchased or refinanced. Unlike Full or Low Doc Loans, Lease Doc options don't require personal income documents — just proof that the property's lease covers the debt repayments.
These loans are ideal for property investors with tenanted commercial properties producing strong and stable rental income.
Documentation Required
Lease agreement(s) only — no tax returns or BAS
Maximum LVR
Typically up to 65%
Loan Sizes
From $100,000 to $10M+, depending on lease strength
Term
1–15 years (interest-only often available)
Interest Rates
Higher than Full Doc; similar to Low Doc
Security Accepted
Commercial properties with secure, arm’s-length leases
Assessment Criteria
Debt coverage calculated on lease income only
✅ No need to verify personal or business income
❌ Higher rates than Full Doc loans
✅ Fast approvals
❌ Lower LVR caps (often max 65%)
✅ Useful for passive investors
❌ Strict lease criteria (often needs to be arms-length and longer-term)
✅ Allows borrowing against leased investments
❌ Fewer lenders offer this option
Investors with tenanted commercial properties (e.g. office, warehouse, medical)
Refinancing properties where lease income is strong but financials are complex
Trusts or companies wanting to avoid full financial disclosure
Minimum lease term (often 12+ months remaining)
Tenant must be unrelated (arms-length)
Lease income must meet servicing buffer (e.g. 1.25x interest coverage)
Valuation confirming rental strength
Type
Documentation Required
Risk to Lender
Typical LVR
Interest Rate
Full Doc
Full financials & income
Low
Medium
Up to 65%
High
At Baseline Finance, we specialise in finding flexible solutions for commercial borrowers — whether you’re fully documented or not.
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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